Bitcoin Miner Greenidge Generation Offers Additional $35M in Bonds

0
84

Bitcoin mining firm Greenidge Generation Holdings (GREE) plans to promote $35 million in senior notes, due in October 2026, according to a new filing.

  • The issuance comes after the corporate raised $55.2 million in senior notes with related phrases on Oct. 13.
  • The new $35 million notes will bear 8.5% curiosity accruing from Oct. 13, and are a “further issuance” to Greenidge’s $55.2 million elevate.
  • “We intend to use the net proceeds from this offering for general corporate purposes, including funding capital expenditures, future acquisitions, investments and working capital and repaying indebtedness,” the miner mentioned in the submitting.
  • On Nov. 8, fellow crypto miner Argo Blockchain mentioned it plans to lift as much as $57.5 million in senior notes, due Nov. 2026, with an rate of interest of 8.75%.