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Argo has repaid a $35 million bailout loan it received from Galaxy

According to a recently disclosed document, bitcoin miner Argo has completed the repayment of a $35 million bailout loan to Galaxy, which is said to have been completed in 2022 to avoid bankruptcy during the crypto bear market of that year. The collateral for the loan was 23,619 Bitmain S19J Pro mining machines currently running at Helios and certain equipment located in Argo's Canadian data center.