Bitfarms to Raise Up to CAD$50m to Scale Cryptocurrency Mining Operation

in busy •  7 years ago 

It has signed an agreement with two Canadian investment banks, GMP Securities L.P. It is working under Backbone Hosting Solutions Inc. commercial brand Bitfarms. Who works in a mine, is ready to strengthen its position in this area so that small fates can be increased and to face the hot competition. Thanks to its affordable renewable hydroelectric energy around the world and this is a combination of hospitable cold weather. It seems that this has become the hottest place for the bitcoin miners in Canada; it is to offer Cad $ 50,000,000 (US $ 39 million) in debentures to Powerone Capital Markets Limited.

Bitfarms to Raise $39m

These new loan means that the company's financing of cryptocurrency mining business has financing, which is the next merger. It is said that since its establishment in 2013 it has been self financed and more than 200 shareholders had been involved in an additional three areas in the pipeline of this company's construction. With capacity of 100 MW capacity and installed capacity of 27.5 MW and installed hash power of more than 200 PhDs. There are four different features in its Bitfarms mines bitcoin, bitcoin cache, and forestation, light cone and dash Quebec.

Merger On Track

At the end of 2017 this 'TSE: BLCM' was announced. It will merge with Bit Forms. This Tel Aviv Stock Exchange was listed as Company Blockchain Mining Limited. This company had announced that it was focusing on Bitcoin Company. Its declaration was more than 60%, its stock was 1,300% before its announcement, the company was known as natural resource holdings and its investment was mostly in the land and mineral deposits of gold, silver, zinc and lead deposits.

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