Infrastructure company Blockstream has recently announced that it has raised $125 million through the issuance of convertible bonds and a secured loan.
According to the company, the funds will be used to expand capacity “to meet strong demand for its hosting services.” Participants in the funding round include Kingsway Capital, Fulgur Ventures and other investors.
According to the press release:
“Recent developments in the cryptocurrency industry as a whole highlight the value and importance of the work that Blockstream is doing in both blockchain development and bitcoin mining.”
The company has also reported that it plans to increase the availability of its renewable energy mining solutions and will continue to develop its own “institutional grade” Bitcoin miner.