Bitcoin Miner GRIID Secures $525M Credit Facility from Blockchain.com
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22 November
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Bitcoin mining infrastructure firm GRIID Infrastructure has announced it has secured a $525 million credit facility from Blockchain.com.

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According to a press release, the company has signed a four-year term credit that will help it with extending capabilities on mining capacity to greater scale, and capitalizing on over 1,300 megawatts of available power from existing energy generation partners.

Blockchain.com Adds Support for Crypto Domains

The investment comes after Blockchain.com revealed that transactions on its platform surpassed $1 trillion in cryptocurrencies. Macrina Kgil, Chief Financial Officer at Blockchain.com, said the service handled almost a "third of all bitcoin network transactions since 2012." She also added the company's institutional client base is continuing to see growth as "more asset managers look to meet their clients’ demand."

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