Mining Infrastructure Agency GRIID Secures $525M Credit score From Blockchain.com



Mining infrastructure agency GRIID has secured a $525 million credit score facility from the cryptocurrency change and pockets supplier Blockchain.com.

  • Cincinnati, Ohio-based GRIID stated the four-year time period credit score facility will likely be used to convey on extra mining capability, benefiting from over 1,300 megawatts of obtainable energy from current vitality era companions.
  • In Could, Blockchain.com acquired Synthetic Intelligence Alternate (AiX) and in March the agency reportedly raised $300 million in Sequence C funding led by companions of DST World, Lightspeed Enterprise Companions and VY Capital in a funding spherical that valued the corporate at $5.2 billion.

Learn extra: Bitcoin Mining: Wasted Power or a Higher, Greener System?

Leave a Reply

Your email address will not be published. Required fields are marked *