Bitcoin miner Argo Blockchain sells Quebec site for $6.1 million amidst declining BTC production
Summary
Argo Blockchain sold its Mirabel Facility in Quebec for $6.1 million to repay debts, reducing its debt to approximately $14 million. The company plans to relocate miners to its Baie Comeau facility and liquidate older miners. BTC production declined by 21% in February due to maintenance-related outage and rising mining difficulty, leading to a 15% decrease in mining revenue.
