Cryptocurrency mining company Argo Blockchain reported a net loss of $240 million in 2022

ChainCatcher news, Argo Blockchain stated in a statement that its net loss for 2022 was £194.2 million (approximately $240 million). As of December 31, 2022, Argo held a total of 141 BTC, of which 116 were Bitcoin equivalents.

Previously, Argo Blockchain agreed to sell its Helios mining facility located in Dickens County, Texas, to Galaxy Digital for $65 million, thus avoiding bankruptcy protection. It also negotiated a new $35 million loan with Galaxy Digital, secured by its mining equipment. (CoinDesk)