“Our new $100 million BTC credit facility adds another component to our diversified financing strategy and contributes significant non-dilutive capital to fund our global growth initiatives, which include four farms with 298 Megawatts mining capacity under construction,” CFO Jeff Lucas said. Source link … [Read more...] about Miner Bitfarms Raises $100M Bitcoin-Backed Loan With Galaxy Digital
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Russian bank Sber launches blockchain ETF tracking Coinbase, Galaxy Digital
Sber, the Russian government-backed company and the largest bank in the country, is launching a blockchain exchange-traded fund (ETF) to track the performance of major crypto companies such as Coinbase and Galaxy Digital.Sber Asset Management officially announced the news on Thursday, stating that the new ETF is linked to various blockchain and crypto industry firms, including … [Read more...] about Russian bank Sber launches blockchain ETF tracking Coinbase, Galaxy Digital
Galaxy, Bloomberg Debut Solana Fund for Institutional Investors
Galaxy Digital on Wednesday said it will launch a crypto fund for Solana, the high-speed blockchain whose native token SOL has soared in value this year.The crypto conglomerate said Galaxy Solana Funds will target “institutional investors.” Its release trails two weeks behind Grayscale’s announcement that it plans to do the same. Grayscale is a sister company of CoinDesk … [Read more...] about Galaxy, Bloomberg Debut Solana Fund for Institutional Investors
TIME Magazine to Hold ETH on Balance Sheet as Part of Galaxy Digital Metaverse Deal
The list will “highlight those companies that are having the most impact within the space,” some of which may be blockchain companies, while others could be providing solutions provide solutions “to make experiences within the metaverse more accessible, impactful or successful for businesses and consumers,” Grossman told CoinDesk via email. Source link … [Read more...] about TIME Magazine to Hold ETH on Balance Sheet as Part of Galaxy Digital Metaverse Deal
Galaxy Digital Reports Q3 Earnings of $517M
Galaxy Digital (TSX: GLXY), the publicly listed cryptocurrency conglomerate helmed by Mike Novogratz, saw its third-quarter income grow to $517 million, according to a Monday earnings release. That’s an increase of 1,146% from the $41.5 million the firm made in 2020′s third quarter.In addition, Galaxy said income for the fourth quarter of this year currently stands at $400 … [Read more...] about Galaxy Digital Reports Q3 Earnings of $517M