Bitcoin Miner Argo Will Avoid Bankruptcy With $100M Bailout from Novogratz’s Galaxy

“Over the last few months, we have been looking for a way to continue mining through the bear market, reduce our debt load, and maintain access to the unique power grid in Texas,” Argo’s CEO Peter Wall told CoinDesk. “This deal with Galaxy achieves all of these goals, and it lets us live to fight another day,” he added.