Blockstream says it raised US$125 million to expand Bitcoin mining operations

Published on 24 Jan 2023 on Forkast News via Yahoo Finance

Blockstream says it raised US$125 million to expand Bitcoin mining operations

Blockchain infrastructure firm Blockstream Corporation Inc. on Tuesday said it raised US$125 million from convertible note and secured loan financing to expand its Bitcoin mining operations and meet strong demand for what it called “institutional hosting services.” Kingsway Capital led the convertible note, a form of short-term debt that can convert to equity, joined by other investors including Fulgar Ventures.

See related article: Binance’s BUSD-peg stablecoin has not always been fully collateralized: report

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