The stock price of United Kingdom-based Bitcoin miner Argo Blockchain PLC (LSE: ARB; NASDAQ: ARBK), spiked by more than 100% during U.K. trading hours on this Wednesday and closed up 73.33% on the London Stock Exchange.
Source: LSE, 5-day Chart of Argo Blockchain Plc
According to the London Stock Exchange (LSE), on Dec. 28, 2022, its share price surged from 3.60 to 8.49. However, its previous close price on Dec. 28, 2022 was 6.50.
The reason came out here is the company announced it would sell its Texas-based Helios facility to Galaxy Digital Holdings Ltd (TSX: GLXY) (“Galaxy”) a financial services and investment management firm led by billionaire investor Mike Novogratz.
The UK’s Argo Blockchain Plc (ARB.L) said on Dec. 28, 2022 that it will sell its mining facility, Helios, for $65 Million that will refinance a new asset-backed loan to avoid bankruptcy.
It recently mentioned in its tweet that “We have closed on the sale of Helios to Galaxy Digital.” It also noted the benefi
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