Aergo Crypto has recently announced several significant partnerships that highlight its commitment to expanding its reach and capabilities in the cryptocurrency sector. Here are some of its latest partnerships:
- Priority Supply and Collaboration Agreement with ePIC Blockchain Technologies1:
- Aergo Crypto has signed a commercial agreement with ePIC Blockchain Technologies, a supplier of industry-leading ASIC mining machines.
- The agreement grants Argo priority access to ePIC’s mining rigs, with an initial purchase of $8 million worth of machines and priority on all future production runs globally for 2021 and 2022.
- This partnership underscores Aergo’s focus on securing reliable and advanced mining infrastructure to support its growing operations.
- Partnership with Galaxy Digital Holdings2:
- Aergo Crypto has entered into a transformational strategic transaction with Galaxy Digital Holdings, Ltd.
- The transactions involve the sale of Argo’s Helios facility to Galaxy for $65 million and the refinancing of asset-backed loans with a new $35 million loan from Galaxy.
- These transactions are expected to reduce Argo’s total indebtedness and streamline its operating structure, enhancing the company’s balance sheet and liquidity position.
These partnerships demonstrate Aergo Crypto’s proactive approach to scaling up its mining operations while maintaining financial discipline. The collaborations are likely to solidify Aergo’s position in the cryptocurrency mining sector and enhance its ability to navigate the evolving industry landscape.
3/19/2025 03:55pm
