Bitcoin miner Argo to avoid bankruptcy with $100M deal from Galaxy Digital
Galaxy plans to acquire Argo’s bitcoin mining facility Helios for $65 million and provide a $35 million loan amid the miner’s restructuring.
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Galaxy Digital
Crypto, where the fallen seek a fresh start
Welcome back to Chain Reaction. Last week, we talked about privacy in crypto and how it’s sometimes at odds with regulation. This week, we’re covering a larger-than-life founder who is perhaps seeking redemption through web3. If someone forwarded you this message, you can subscribe on TechCrunch’s newsletter page. there’s always a crypto angle A weekly […]
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Do Kwon’s Terra trauma and drama lives to see another day
There are some events in your life that you look back on and think to yourself, ‘Wow, that was a really tough time.’ We all have memories like that and I think the crypto community definitely shares one (or more) of those experiences together. For example, the Terra/LUNA collapse back in May. So when Terraform […]
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Galaxy Digital calls off its $1.2 billion acquisition of BitGo
Crypto sector’s first $1 billion deal, announced at the height of record surge in token prices, is disbanding as the market reverses much of the gains. Galaxy Digital said Monday it has terminated the $1.2 billion proposed acquisition of crypto custodian BitGo, a high-profile deal they announced in May last year, after the San Francisco-based […]
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