Blockstream Raises $125M to Fund Expanded Bitcoin Mining Operations By Cointelegraph

© Reuters.

Digital asset infrastructure firm Blockstream has raised $125 million to fund its (BTC) mining colocation services, highlighting increased demand for its institutional hosting services amid market growth.

The $125 million raise was financed by convertible bonds and a secured loan, Blockstream announced January 24. Venture capital firm Kingsway Capital led the convertible note raise, with additional participation from Fulgur Ventures. Cohen & Cohen Capital Markets, part of JVB Financial Group, advised Blockstream on the deal.