Argo Blockchain restructures debt, expands mining fleet to Alabama [Yahoo! Finance]
Galaxy Digital Inc. - Class A common stock (GLXY)
Company Research
Source: Yahoo! Finance
The transaction closes a reorganization formally approved by the High Court of Justice in England and Wales on December 11. The plan equitized $40 million in outstanding 8.75% senior notes due 2026 to strengthen Argo's balance sheet. This reorganization leaves Argo debt-free, excluding a $472k remaining mortgage on its Baie-Comeau facility in Quebec, Canada. Argo increased its nameplate hashrate capacity from approximately 1.8 EH/s to 2.4 EH/s as part of the operational overhaul. The miner expanded its self-mining capacity to 28.5 MW through the acquisition of 13.5 MW of infrastructure in Alabama. Management secured additional electrical assets including transformers and switchgear to support up to 65 MW of incremental deployment at future sites. The company also deployed 1,400 Z11 miners to mine Zcash following the asset's recent price rally. Argo's restructuring follows a period of financial strain that began shortly after it listed on the Nasdaq in September 2021. To avo
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- 10/21/25 - Beat
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Sec Filings
- 12/11/25 - Form 8-K
- 12/9/25 - Form S-1/A
- 11/10/25 - Form 4
- GLXY's page on the SEC website