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0 sats \ 4 replies \ @Glasgow 24 Jan 2023 \ on: Blockstream Raises $125 Million For Bitcoin Mining Expansion bitcoin
Phew
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285 sats \ 3 replies \ @1fatmess 25 Jan 2023
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100 sats \ 1 reply \ @ev 25 Jan 2023
They raised money via debt, not an equity sale, right?
There’s no valuation when raising via debt, just an interest payment due.
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10 sats \ 0 replies \ @1fatmess 25 Jan 2023
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0 sats \ 0 replies \ @k00b 25 Jan 2023
You sure? They are pitching it like it was due to 3Xing their revenue ... which I guess for a low margin business like mining might not mean much.
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