Cointime

Crypto Infrastructure Firm Blockstream Raises $125M for Bitcoin Mining

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Crypto infrastructure company Blockstream raised $125 million in convertible note and secured loan financing to expand its bitcoin mining hosting services. 

Blockstream will use the proceeds from the new capital to expand its mining facilities to meet strong demand for large-scale hosting services, according to the statement. "Hosting has remained a resilient market segment as compared with 'prop' miners (and their lenders) who have been more directly exposed to bitcoin price volatility and compressed margins," the statement added.

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