A loan of $525 million will allow the mining company GRIID to buy equipment

Cryptocurrency Platform Blockchain.com allocated a credit line in the amount of $ 525 million to the American mining company GRIID. This will allow you to purchase the necessary equipment and expand your business. 

Peter Smith, CEO Blockchain.com , noted that he has been closely cooperating with GRIID for the last 2 years. The goal of his company is not only to provide credit funds, but also partnerships that allow you to invest for further business growth. 

The credit line will be active for 4 years. GRIID may use these funds partially or completely. Such an approach in this area of business is as relevant as possible, since there is a high probability that manufacturers of mining equipment will not be able to fill the increased demand for devices. 

Trey Kelly, CEO of GRIID, shared that Blockchain.com it is an ideal partner for them, which will only strengthen their company’s infrastructure, allow them to develop their business and make mining volumes more extensive. 

I would like to emphasize that the capacities of North American miners are only growing. The introduction of a ban on cryptocurrency mining in China allowed the United States to become a leader in the volume of cryptocurrency mining. It is also known from recent news that the Bitfarms company from Canada intends to launch a mining center in Washington state (USA).