Argo Blockchain 提前清算 3,500 萬美元 Galaxy 貸款

這家加密貨幣挖礦公司於 2023 年 5 月開始償還貸款，截至 2024 年 6 月 30 日，餘額減少至約 570 萬美元。

Publicly-listed cryptocurrency mining company Argo Blockchain (NASDAQ: ARBK, LSE: ARB) has fully repaid its $35 million loan from Galaxy Digital Holdings (NYSE: GLXY) four months ahead of the current schedule and nearly 18 months before the original repayment deadline, the company announced on Monday.

公開上市的加密貨幣挖礦公司Argo Blockchain（納斯達克股票代碼：ARBK，倫敦證券交易所股票代碼：ARB）已提前4 個月全額償還了Galaxy Digital Holdings（NYSE：GLXY）提供的3,500 萬美元貸款，比原定還款期限提前了近18 個月。

Argo began repaying the loan in May 2023, with the balance reduced to approximately $5.7 million as of June 30, 2024. The company repaid $11.5 million in principal during 2023, with the remaining $23.5 million settled in 2024.

Argo 於 2023 年 5 月開始償還貸款，截至 2024 年 6 月 30 日，餘額減少至約 570 萬美元。

“Successfully repaying $35 million of high-interest rate debt ahead of schedule is a testament to Argo's financial discipline,” said Argo's Chief Executive Officer, Thomas Chippas. “We remain committed to optimizing our capital structure and driving long-term value for our shareholders.”

「提前成功償還 3,500 萬美元的高利率債務證明了 Argo 的財務紀律，」Argo 執行長 Thomas Chippas 表示。 “我們仍然致力於優化資本結構並為股東帶來長期價值。”

The loan dates back to late 2022, when Mike Novogratz's Galaxy swooped in to save a cryptocurrency miner from bankruptcy during a period when digital assets’ prices were low and mining companies were struggling to achieve profitability. As part of a strategic deal, Argo sold its Texas-based cryptocurrency mine, Helios, for $65 million and benefited from refinancing loans.

這筆貸款可以追溯到 2022 年底，當時數位資產價格較低、礦業公司難以實現盈利，邁克·諾沃格拉茨 (Mike Novogratz) 的 Galaxy 突然介入，拯救了一家加密貨幣礦商免於破產。作為策略交易的一部分，Argo 以 6500 萬美元的價格出售了位於德克薩斯州的加密貨幣礦場 Helios，並從再融資貸款中受益。

The latest news on debt reduction came from March, when the company cut its debt by 60% as part of a new deal worth over $6 million. Now, Argo has managed to fully repay the remaining obligations.

有關債務削減的最新消息來自 3 月份，當時該公司將債務削減了 60%，作為價值超過 600 萬美元的新交易的一部分。目前，Argo已成功償還剩餘債務。

The early repayment strategy aligns with Argo's focus on strengthening its balance sheet and reducing financial liabilities. The company utilized a combination of operational cash flow, proceeds from equity raises, and sales of non-core assets to facilitate the repayment without significantly impacting its hash rate.

提前還款策略與 Argo 加強資產負債表和減少金融負債的重點一致。該公司利用營運現金流量、股權融資收益和非核心資產出售的組合來促進還款，而不會顯著影響其算力。

This move is expected to yield visible savings in interest expenses. In 2023, Argo incurred $4.6 million in interest on the Galaxy debt, compared to $1.4 million through the repayment date of August 9, 2024.

此舉預計將顯著節省利息支出。 2023 年，Argo 因銀河債務而產生了 460 萬美元的利息，而截至 2024 年 8 月 9 日的還款日，利息為 140 萬美元。

Reduced Losses but Lower Production

損失減少但產量降低

In the first quarter of 2024, Argo Blockchain reported notable financial improvements. The company's revenue rose to $16.8 million, marking a 4% increase from the previous quarter and a substantial 50% growth from the same period last year. Additionally, Argo significantly reduced its net loss to $3.2 million, achieving a threefold decrease. The mining margin also increased from $5.2 million to $6.4 million, resulting in a gross profit of $1.9 million, a recovery from a loss reported in the first quarter of 2023.

2024 年第一季度，Argo Blockchain 報告財務狀況顯著改善。該公司營收升至1,680萬美元，較上季成長4%，較去年同期大幅成長50%。此外，Argo 的淨虧損大幅減少至 320 萬美元，減少了三倍。採礦利潤率也從 520 萬美元增加到 640 萬美元，毛利為 190 萬美元，從 2023 年第一季報告的虧損中恢復過來。

Despite these financial gains, the company's latest production results reveal a downturn. In its recent monthly report for July, Argo mined only 48 Bitcoins, a decline of over 60% compared to last year's production, albeit a slight improvement from recent months.

儘管取得了這些財務收益，但該公司最新的生產業績卻顯示出低迷。在最近的 7 月月度報告中，Argo 僅開採了 48 個比特幣，與去年的產量相比下降了 60% 以上，儘管與最近幾個月相比略有改善。

In a separate development towards the end of the last month, Argo announced a private placement agreement with an institutional investor, involving the issuance of 57,800,000 ordinary shares at £0.1125 each on the LSE. This agreement also includes warrants for an additional 57,800,000 shares at the same price, bolstering the company's financial position amidst fluctuating production outcomes.

在上月底的另一項進展中，Argo 宣布與一家機構投資者達成私募協議，涉及在倫敦證券交易所以每股 0.1125 英鎊的價格發行 57,800,000 股普通股。該協議還包括以相同價格額外購買 57,800,000 股的認股權證，從而在生產結果波動的情況下增強公司的財務狀況。