Bitcoin Mining Company Griid secures credit facility of $ 525 million from blockchain.com-mining Bitcoin messages

On Monday, the mining company Griid Infrastructure announced that the company secured a loan factility of $ 525 million from the Kryptofirma Blockchain.com. According to the announcement, the loan facility will have a term of four years to increase the company's dismantling capacities.

Bitcoin mining infrastructure company to increase capacity with the help of blockchain.com

cryptocurrency mining and in particular Bitcoin ( btc ) in mining, millions of dollars were invested. Company companies have completed massive shops with manufacturers of Bitcoin-Mining-Rigs such as Canaan, Bitmain and Microbet for thousands of ASIC devices. Some large Bitcoin mining operators have also started building new systems to increase capacity.

on November 22nd. network infrastructure announced that the company has secured a loan facility of 525 million US dollars blockchain.com . The financing is used to increase the mining capacity and "benefit from existing energy generation partners from over 1,300 megawatts". According to the announcement, the institutional markets team from Blockchain.com created some of the largest credit facilities on the market.

"Blockchain.com is an established market leader in the field of digital assets with unique knowledge of every aspect of the crypto ecosystem, including mining operation," said Trey Kelly, CEO and founder of Griid in a statement. "Blockchain.com is an ideal capital partner because we strengthen our infrastructure and our company in our growing portfolio of Bitcoin mining facilities," added the mining company CEO.

Griid is an American crypto mining infrastructure company that describes itself as a "vertically integrated Bitcoin self-mining company". The company operates a portfolio of Bitcoin mining data centers in the USA. The CEO of Blockchain.com, Peter Smith, explains that the company has been working with Griid for some time.

"In the past two years we have worked closely with Griid to not only provide capital, but also to be a partner who invests in the growth of the company," said Smith during the announcement. The deal of blockchain.com with griid follows the company End of March and increased its rating to $ 5.2 billion.

In May the cryptofirma a AI company named Artificial Interior Exchange and last August CFO from Blockchain.com indicated in 18 months. Macrina Kgil, CFO from Blockchain.com, also stated at the time that the company held btc and eth on his balance sheet.

What do you think that Griid secures a loan factility of $ 525 million from the cryptofirma Blockchain.com? Let us know your opinion on this topic in the comments below.

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