Argo Blockchain Repays $35M Debt 18 Months Ahead of Schedule, Reduces Financial Liabilities
Portfolio Pulse from Benzinga Newsdesk
Argo Blockchain plc (NASDAQ: ARBK) has fully repaid its $35 million loan from Galaxy Digital Holdings ahead of schedule, significantly reducing its financial liabilities.
August 12, 2024 | 6:58 am
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Argo Blockchain has repaid its $35 million loan from Galaxy Digital ahead of schedule, reducing its financial liabilities and interest expenses.
The early repayment of the loan reduces Argo Blockchain's financial liabilities and interest expenses, which is a positive indicator for the company's financial health and could lead to a short-term increase in stock price.
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