Blockstream Raises $125 Million For Bitcoin Mining Expansion
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Led by Kingsway Capital, Blockstream has raised $125 million for the purpose of expanding their institutional mining services. Blockstream has announced they’ve raised $125 million in convertible note and secured loan financing with the aim of expanding their institutional bitcoin mining services. The raise was led by Kingsway Capital along with other investors including Fulgur Ventures. According to the announcement, Blockstream will use the capital raised to expand their bitcoin mining facilities “in order to meet the strong demand for its institutional hosting services,” which they claim remains high “due to the company’s strong track record and substantial scale, coupled
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