Bitcoin Rallies as Stocks Print Record Highs

Bitcoin Rallies As Stocks Print Record HighsAll three major stock indices closed at record highs on Thursday afternoon and now on Friday, bitcoin is following suit. BTC Soars as Equities Peak A curious thing happened on Thursday. Inflation came in slightly hotter than expected after the Bureau of Labor Statistics reported an elevated Consumer Price Index (CPI), but it turns out […]

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

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