Growler Mining Gains Control of Struggling Crypto Miner Argo

Growler Mining, a creditor of struggling crypto miner Argo Blockchain, has secured control over the company through a debt-for-equity swap. This restructuring leaves existing shareholders with a minimal stake in Argo as they surrender ownership to Growler for 87.5% of the recapitalized equity. This move comes under a court-supervised plan called Project Triumph and aims to prevent the miner’s insolvency by securing funding and preserving its listing on Nasdaq.