Kirkland Represents Galaxy on Acquisition of Helios Bitcoin Mining Facility from Argo Blockchain
Kirkland & Ellis advised Galaxy Digital Holdings Ltd. (TSX: GLXY), a financial services and investment management innovator in the digital asset, cryptocurrency and blockchain technology sectors, on its acquisition of the Helios bitcoin mining facility and its related operations from Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK). In connection with this transaction, Galaxy has agreed to provide Argo with a new senior secured term loan. Argo will also enter into a two-year hosting agreement with Galaxy, securing a place for Argo’s mining machines at the Helios facility.
The Kirkland team was led by corporate partners Patrick Salvo, Ryan Brissette and David Feirstein and associate Brandon Nesfield, debt finance partners Jason Kanner and Dean Masuda and associate Jeremy Jenkins, technology & IP transactions partner Jeffery Norman and associate Maggie King, energy regulatory partner Brooksany Barrowes and tax partners Dean Shulman, Damien Rose and Nicholas Warther, and also included partners Christopher Marcus and Anna Rotman and associate Aaron Metviner.
