The management team of cryptocurrency miner Argo Blockchain explained that the crisis in TerraUSD (UST) has hardly affected the company.
Argo Blockchain, a cryptocurrency miner in North America, established a subsidiary company called Argo Lab earlier this year and stepped into the Web 3 ecosystem.
According to the statement made today, the company has removed some of its reserves. was holding on UST but this a significant amount it wasn’t.
Argo’s CEO, Peter Wall, in his statements on the subject, “We didn’t have a huge investment in the Terra ecosystem. (But) we were generating returns over the Anchor Protocol and had some UST.” said.
Argo Blockchain joins Argo Labs in the blockchain ecosystem. different from mining It was established in January to take advantage of the opportunities.
According to the statements made, the company has issued the IHRs it holds. divestment at 93 cents per unit succeeded. wall, “Last time I looked, UST was changing hands at about 12 cents. So selling (at 93 cents) was a very good move for us.” said.
Argo Lab’s return from the TerraUSD crisis, when the returns from Anchor Protocol are also counted. almost no damage specified.