Galaxy Digital has agreed to acquire the Helios bitcoin mining facility from Argo Blockchain, “accelerating the expansion of our bitcoin mining operations and enabling us to act as a host for others,” according to a press release Dec. 28.
“Galaxy is aspiring to be one of the most trusted nodes of the decentralized future,” said Galaxy President Chris Ferraro. “The acquisition of Helios represents a new stage over our two-year journey in bitcoin mining.”
According to its website, Galaxy (TSX: GLXY) is a digital asset and blockchain leader providing institutions, startups, and qualified individuals access to the crypto economy.
“Our full suite of financial services is custommade for a digitally native ecosystem, spanning multiple synergistic business lines: Trading, Asset Management, Investment Banking, Mining, and Ventures,” reads its corporate summary.
Galaxy’sCEOandfounder, Michael Novogratz, “leads a team of crypto enthusiasts and institutional veterans working together on a mission to engineer a new economic paradigm,” according to the company’s press release.
The firm is headquartered in New York City, with offices in Chicago, New Jersey, Texas, London, Amsterdam, Hong Kong, Tokyo, and the Cayman Islands (reg. office).
Earlier this year, Galaxy broke ground on its first proprietary mining site, which is also located in Texas. (Additional information about a more precise location was not immediately available.)
- Log in or Subscribe to post comments.
