
The blog explained that Binance offered a bid of $15 million for the assets, noting that $12 million would be deposited to Celsius estate and $3 million to be disbursed to relocated customers on a pro-rata basis.
Galaxy Digital is a full service, digital assets merchant bank.
Galaxy Digital (TSX: GLXY) is a diversified financial services and investment management company in the digital asset, cryptocurrency, and blockchain technology sectors. Galaxy Digital’s team has extensive experience spanning investing, portfolio management, capital markets, venture capital, asset management, and blockchain technology. Galaxy Digital operates in the following businesses: Trading, Asset Management, Principal Investments, Investment Banking, and Mining. Galaxy Digital’s CEO and Founder is Mike Novogratz. The Company is headquartered in New York City, with offices in Chicago, San Francisco, London, Amsterdam, Tokyo, Hong Kong, the Cayman Islands (registered office), and New Jersey.
The blog explained that Binance offered a bid of $15 million for the assets, noting that $12 million would be deposited to Celsius estate and $3 million to be disbursed to relocated customers on a pro-rata basis.
In the heat of the financial strain that Argo Blockchain was plunged into, the company had to put up and sold its flagship Bitcoin mining facility Helios in Texas.
The firm’s creditors range from tech companies to hoteliers, airlines, and even government-owned entities in the US and foreign countries.