Bitcoin Mining Firm Genesis Digital Raises $125M to Expand Mining Operations – Yahoo Finance

BeInCrypto –

Bitcoin miner Genesis Digital Assets (GDA) announced a $125 million round of equity funding to support aggressive expansion plans.

The funding round will be led by UK-based private equity fund Kingsway Capital. Focused on frontier emerging markets, Kingsway has over $2 billion in assets under management (AUM). GDA will use the capital to purchase equipment and build new data centers in the United States and Nordic region.

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