According to online reports, Argo Blockchain, a Nasdaq-listed bitcoin mining company, announced that it has signed a senior guaranteed convertible loan agreement with a financing scale of US$40 million, with an initial financing amount of US$15 million and the remaining US$25 million will be completed in the next 18 months, with three multinational institutions participating in the investment.(Specific institution name information has not been disclosed) and will join Argo's board of directors, with the new funds to expand its Baie Comeau mining facilities, strengthen its balance sheet and conduct a series of potential M & A transactions.