Argo Blockchain plc, a global leader in cryptocurrency mining, announces that Argo Helios LLC, a wholly owned Delaware-registered subsidiary of Argo Blockchain plc, has entered into an equipment financing agreement (the "Financing Agreement") with NYDIG ABL LLC ("NYDIG"), a wholly owned subsidiary of New York Digital Investment Group LLC. As part of the Financing Agreement, NYDIG has loaned Argo Helios an aggregate principal amount of $26.66 million (£20.23 million) to recapitalize the purchase of electrical infrastructure equipment (the "Financed Equipment") for the Company's cryptocurrency mining facility, Helios, in Dickens County, Texas. The Company anticipates being able to energize the 200MW Helios facility, and is still on track for facility completion, in the first half of 2022.
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