Blockstream Raises $125 Million For Bitcoin Mining – Bitcoin Magazine

Blockstream has announced that it has raised $125 million in convertible notes and debt financing aimed at expanding its institutional Bitcoin mining services. The raise was led by Kingsway Capital along with other investors including Fulgor Ventures.

According to AnnouncementBlockstream will use the capital raised to expand its bitcoin mining facilities “to meet strong demand for its institutional hosting services”, which it claims is due to the company’s strong track record and sufficient scale. Because of, together with an industry, there is much more. Widespread shortage of available electricity capacity.

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