PANews reported on August 13 that according to Cointelegraph, Bitcoin mining company Argo Blockchain has completed the repayment of $35 million borrowed from asset management company Galaxy Digital in 2022 to avoid bankruptcy in the crypto bear market that year. Argo CEO Thomas Chippas said in a statement that the repayment marked "an important milestone for Argo" and was completed without "significant impact on Argo's computing power."

In December 2022, Argo narrowly avoided bankruptcy through a multi-party agreement with Galaxy, which included the sale of the Helios Bitcoin mine in Dickens County, Texas, for $65 million and the restructuring of its debt through a $35 million loan.