Debt-for-equity swap puts Growler Mining in control of struggling Argo Blockchain
Argo Blockchain is undergoing a major restructuring after falling into deep financial trouble. Its main lender, Growler Mining, will now take over the crypto-mining company. Under a court-supervised plan, Project Triumph, Growler will convert its debt into ownership, taking a major stake in the company's equity. The restructuring was filed under the UK Companies Act. [...]