Hyperscale Data Says Bitcoin And Cash Reserves Reach $56.4M
TL;DR Hyperscale Data says it held about $56.4 million in Bitcoin, cash and restricted cash as of October 4. That total included 219.9586 BTC valued at roughly $19 million and approximately $37.4 million of cash and restricted cash. The $56.4 million figure is not the value of the company’s Bitcoin alone. Hyperscale Data has given…
CleanSpark Closes $2.276B Debt Financing As Miner Builds For Its Next Expansion
TL;DR CleanSpark has completed the closing of $2.276 billion in senior secured notes. The Bitcoin miner says proceeds will support data-center expansion and refinancing of existing credit facilities. The financing has closed, making this different from an earlier announcement of a proposed debt raise. CleanSpark has completed one of the largest financing transactions of the…