Trade War Fury: Asia’s Markets Crushed, Recession Fears Soar

Trade War Fury: Asia's Markets Crushed, Recession Fears SoarAsian markets experienced significant declines on April 7, with Hong Kong’s Hang Seng Index plummeting over 13%. The turmoil affected other asset classes, including bitcoin, which briefly fell below $75,000. China Sovereign Wealth Fund Intervenes Asian markets began the week of April 7 with steep drops across major indices, including Hong Kong’s Hang Seng Index, […]

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Rolling Stone Partners With Coinbase, First Collaboration Is a Limited Edition NFT Collection

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Gensokishi Online Project Announces Decision to List MV Token on KuCoin and Campaign

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Bitcoin Mining Company Griid Secures $525 Million Credit Facility From Blockchain.com

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On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will be a four-year term in order to increase the company’s mining capacity. Bitcoin Mining Infrastructure Firm to Increase Capacity With Help From Blockchain.com Cryptocurrency mining, and more specifically bitcoin ( BTC ) mining, has seen millions of dollars invested during the course of the year. Enterprise operations have inked massive deals with bitcoin mining rig manufacturers like Canaan, Bitmain, and Microbt for thousands of ASIC devices. A few large bitcoin mining operators have also begun constructing new facilities in order to increase capacity. On November 22, Griid Infrastructure announced the company has secured a $525 million credit facility from the company Blockchain.com . The financing will be used to increase mining capacity as well as “capitalizing on over 1,300 m...
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