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RE: Daily Crypto Markets Live Blog: Leofinance Is The Place To Be (09/10/21)

in LeoFinance • 3 years ago

A $45 million Bitcoin-backed loan from Galaxy Digital could allow Argo Blockchain to HODL the BTC on its balance sheet as it looks to build a 200MW Bitcoin mining facility in Texas.

At the current price of Bitcoin, Argo holds about $77 million worth of Bitcoin. They have mined 206 BTC in August, bringing its year-to-date total to 1,314 BTC. 😮

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3 years ago in LeoFinance by
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     3 years ago  

    As I said, Wall Street money. Bitcoin no longer is in the hands of the average individual.

    We are now even seeing ways where the miners do not have to sell their Bitcoin.

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       3 years ago  

      Well it looks like a decent loan since they need to expand their business into Texas.

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