B Riley said it is prepared to fund the first $40 million of the new financing immediately, with “zero contingencies.” The remainder of the financing is contingent on all principal payments to equipment lenders being suspended at bitcoin prices of $18,500 and below. Above that threshold, however, free cash flow from operations will be distributed to equipment lenders.
Related posts
-
Latam Insights: Paraguay Unveils Bitcoin Mining Centric Development Strategy, Itau Unibanco Rolls Crypto Trading for All Customers
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during... -
Bitcoin at $1m? MicroStrategy buys more
Today’s edition of the weekly recap: Bernstein predicts Bitcoin (BTC) to hit $1 million in 2033;... -
Trump Champions Bitcoin Mining, Vietnamese Increase Gold Buying, and More — Week in Review
Former U.S. President Donald Trump expressed support for the bitcoin mining industry, advocating for producing the...