btc Day candles are near their support and after falling from here, a good decline is visible. and While cryptocurrency markets saw a significant downturn during the last few months, it has not stopped specific bitcoin miners from expanding. For instance, this week, the bitcoin mining company Genesis Digital Assets announced that the firm secured 708 megawatts (MW) in capacity during the first half of 2022. After securing thousands of ASIC mining devices at a discount, the bitcoin miner Cleanspark announced earlier this week that it acquired a plug-in-ready facility with 86 MW of capacity.
On Friday, the bitcoin mining hosting company Applied Blockchain announced that it secured a $15 million loan to continue expansion. “ intends to use the facility to repay its existing debt and provide additional liquidity to fund the buildout of its data centers,” the company noted during the announcement. “The new credit facility doubles our loan-to-value on our Jamestown facility and provides us with additional capital to fund our growth plans and deliver on the increasing demand from our customers,” Applied Blockchain’s chairman and CEO, Wes Cummins, explained.
On Friday, the bitcoin mining hosting company Applied Blockchain announced that it secured a $15 million loan to continue expansion. “ intends to use the facility to repay its existing debt and provide additional liquidity to fund the buildout of its data centers,” the company noted during the announcement. “The new credit facility doubles our loan-to-value on our Jamestown facility and provides us with additional capital to fund our growth plans and deliver on the increasing demand from our customers,” Applied Blockchain’s chairman and CEO, Wes Cummins, explained.
