Blockstream raises $125M to finance expanded Bitcoin mining operations By Cointelegraph

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Blockstream raises $125M to finance expanded Bitcoin mining operations

Cryptocurrency Jan 24, 2023 05:40PM ET

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Blockstream raises $125M to finance expanded Bitcoin mining operations

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Digital asset infrastructure company Blockstream has raised $125 million to finance its Bitcoin (BTC) mining colocation services, underscoring heightened demand for its institutional hosting services amid the bear market.

The $125 million raise was financed by convertible note and a secured loan, Blockstream announced on Jan. 24. Venture capital firm Kingsway Capital led the convertible note raise, with additional participation from Fulgur Ventures. Cohen & Cohen Capital Markets, part of J.V.B. Financial Group, advised Blockstream on the deal.

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