Digital Currency Group (DCG), the crypto investment company whose holdings include asset manager Grayscale, crypto lender Genesis and independent news outlet CoinDesk, said it raised $600 million in a new credit facility, marking its first entry into the debt capital markets. Source link … [Read more...] about Digital Currency Group Raises $600M in New Credit Facility
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Bitfarms Buys 24MW Crypto Mining Facility in Washington State for $26M
“This low-cost power combined with the industry leading efficiency of the Bitmain S19j Pro means 6,200 miners in Washington could yield nearly 3.7 bitcoin per day at a cost of approximately $4,000 per bitcoin when all miners are installed,” said Ben Gagnon, Bitfarms’ Chief Mining Officer. Source link … [Read more...] about Bitfarms Buys 24MW Crypto Mining Facility in Washington State for $26M
Blockware Mining raises $25 million to triple hash rate from Kentucky facility
Blockware announced Thursday that they have raised $25M in a second oversubscribed fundraising round.They plan to use the funds to expand their bitcoin mining operations in Kentucky, and will also install 8,000 more bitcoin mining rigs on its Paducah campus, where it recently purchased 5 acres of land.The company has already purchased the necessary rigs, and 6,000 more that it … [Read more...] about Blockware Mining raises $25 million to triple hash rate from Kentucky facility
Jack Dorsey’s Square Inc. to invest $5M in Blockstream Bitcoin mining facility
Square Inc., a crypto-friendly mobile payments company, is planning to invest $5 million in a solar-powered Bitcoin (BTC) mining facility for Blockstream Mining, offering further insight into Jack Dorsey’s continued support for blockchain infrastructure. Chris Cook, Blockstream’s chief information officer, announced the collaborative partnership on Saturday, where he outlined … [Read more...] about Jack Dorsey’s Square Inc. to invest $5M in Blockstream Bitcoin mining facility
Riot Blockchain is set to acquire a Texas data facility for $650M
Riot Blockchain is continuing its Bitcoin (BTC) mining expansion efforts. Reports suggest that the United States-based miner is set to purchase Whinstone US Inc, currently owned by Northern Data.The planned purchase was announced by Riot Blockchain on Thursday via a press release, with the U.S. Bitcoin miner paying $80 million in cash. The remainder will come from the sale of … [Read more...] about Riot Blockchain is set to acquire a Texas data facility for $650M