Argo Blockchain Files to Raise Up to $57.5M in Senior Notes

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Argo Blockchain (ARBK), the London-based cryptocurrency miner, has filed to raise up to $57.5 million in senior notes that might be due in November 2026, with an rate of interest of 8.75%.

  • Argo will use the proceeds for normal company functions, and development and build-out of its Texas mining facility, in addition to potential acquisitions or investments in companies concerned with cryptocurrency and blockchain know-how.
  • Argo additionally stated that it mined 167 bitcoin or bitcoin equal in October with mining income of $9.75 million and a margin of roughly 86%.
  • Argo’s American depositary shares fell barely in early buying and selling on Monday, whereas different miners surged amid bitcoin’s rally.

Read extra: Argo Blockchain Shares Fall After Workers Accidentally Share Non-Public Information