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

 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 alternate and pockets supplier Blockchain.com.

  • Cincinnati, Ohio-based GRIID mentioned the four-year time period credit score facility shall be used to convey on extra mining capability, making the most of over 1,300 megawatts of accessible energy from current power era companions.
  • In Might, Blockchain.com acquired Synthetic Intelligence Trade (AiX) and in March the agency reportedly raised $300 million in Collection C funding led by companions of DST International, 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?



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