Australian Bitcoin mining firm Iris Energy secures US$71M financing with NYDIG

Bitcoin (BTC) mining firm Iris Energy announced that it has secured a $71 million equipment financing facility from NYDIG. The deal is the Australian crypto miners third financial facility secured with NYDIG, cementing the partnership between the two firms. The $71 million limited recourse equipment financing facility is secured by 19,800 of Iris Energys Bitmain S19j Pro miners, representing a total hash rate of about 1.98 exahash per second (EH/s), according to the companys filing with the SEC. The facility carries a 25-month term with an interest rate of 11 percent per annum. We are...



source: https://tokenpost.com/Australian-Bitcoin-mining-firm-Iris-Energy-secures-US71M-financing-with-NYDIG-9562

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