IN BRIEF: Argo Blockchain repays loan ahead of schedule

Argo Blockchain PLC - London-based cryptocurrency miner - Fully repays the remaining balance of the original loan extended by Galaxy Digital Holdings Ltd in December 2022. Repayments of the USD35 million loan began in May 2023. The loan balance as at June 30 was around USD5.7 million. Explains the loan was repaid over four months ahead of the current schedule, and nearly 18 months ahead of the original repayment schedule. This reflects the company's focus on strengthening its balance sheet and reducing its financial liabilities, Argo says.

Current stock price: 9.75 pence

12-month change: down 4.4%

By Jeremy Cutler, Alliance News reporter

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