Bitfarms Ltd., a global Bitcoin self-mining company, has modified its loan agreement with BlockFi Lending LLC, to settle all outstanding principal and interest due totaling $21 million for a single cash payment of $7.75 million.“Combined with the...
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February 10, 2023, 07:00 AM
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Bitfarms Ltd., a global Bitcoin self-mining company, entered into an equipment financing agreement, with initial funding of US$37 million, with NYDIG ABL LLC (NYDIG). In addition, the company reduced its $100 million Bitcoin (BTC)-backed credit...
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June 20, 2022, 07:18 AM
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Marathon Gold Corporation announced the execution of a credit-approved commitment letter with Caterpillar Financial Services Limited (Cat Financial) for equipment lease financing related to the development and operation of the Valentine Gold Project...
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June 14, 2022, 07:22 AM
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Argo Blockchain PLC, a cryptocurrency mining company, announced Argo Helios LLC, a wholly owned subsidiary of Argo Blockchain PLC, has entered into additional loans under Argo's equipment financing agreement with NYDIG ABL LLC, a wholly owned...
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May 04, 2022, 07:00 AM
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CleanSpark, Inc., a sustainable bitcoin mining and energy technology company, announced it has finalized $35 million in non-dilutive financing from Trinity Capital Inc., a provider of venture debt financing. The three-year equipment financing...
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April 27, 2022, 07:18 AM
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Argo Blockchain PLC, a global firm in cryptocurrency mining, announced Argo Helios LLC, a wholly owned Delaware-registered subsidiary of Argo Blockchain plc, has entered into an equipment financing agreement with NYDIG ABL LLC, a wholly owned...
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March 11, 2022, 07:05 AM
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Bitfarms, a global Bitcoin self-mining company, entered into a $32 million equipment financing agreement.“This equipment financing agreement provides another source of non-dilutive capital, enabling us to finance equipment from our established mining...
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February 28, 2022, 07:07 AM
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Hut 8 Holdings Inc., a wholly owned operating subsidiary of Hut 8 Mining Corp., a digital asset mining company, entered into a $30 million senior secured equipment financing term loan with Trinity Capital Inc.
The equipment financing provides Hut 8...
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January 06, 2022, 07:05 AM
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Eclipse Business Capital LLC (EBC), formerly known as Encina Business Credit, announced it has provided a $45 million senior secured revolving credit facility to a coal mining company based in the U.S. and Canada.The credit facility is secured by...
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December 07, 2021, 07:25 AM
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First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced a $41.9 million funding for a coal operation in the southern U.S.“Quickly funding a large equipment package for a coal company in...
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May 20, 2021, 07:11 AM
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Utica Equipment Finance announced it completed the funding of a $2,300,000 capital lease secured by machinery and equipment to a coal company headquartered in Kentucky with operations in the Central Appalachian region. Utica provided additional...
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April 26, 2021, 07:15 AM
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Arctos Capital, a commercial lender with offices in San Francisco, CA, and Calgary, AB, has closed an equipment financing transaction with an emerging leader in the bitcoin mining industry - Iris Energy. The $4.2 million transaction financed the...
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February 05, 2021, 07:15 AM
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Bitfarms Ltd. announced it has entered into an equipment lease with BlockFills for 1,000 WhatsMiner M31S miners to be delivered and installed by the end of November. The 1,000 new Miners are in addition to the non-binding Letter of Intent (LOI) with...
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October 26, 2020, 07:11 AM
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Arctos Capital, a commercial lender with offices in San Francisco, CA, and Calgary, AB, has closed another equipment financing transaction to help leading Bitcoin Mining firms bring more hashpower to North America. The $2.8 million transaction...
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October 16, 2020, 07:07 AM
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Core Scientific, the leading blockchain hosting provider in the United States, announced it has partnered with commercial lender Arctos Capital, which has provided an initial $1.8 million in equipment lease financing for clients’ purchase of...
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October 02, 2020, 07:05 AM
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Wintrust Commercial Finance (WCF) has approved $14.6 million in equipment financing on mobile drilling assets for a major contract driller to the West Coast mining industry. Proceeds from the financing were used to replace existing debt and fund new...
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February 07, 2018, 07:10 AM
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Lydian International Limited announced that its wholly owned Armenian operating subsidiary has entered into a secured credit facility with Caterpillar Financial Services (UK) ("Cat Financial") for a maximum principal amount of US$42 million ("Cat...
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December 29, 2016, 07:48 AM
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It’s no surprise that the global mining industry has endured a difficult few years, and for many mining companies, optimism has been in short supply. Persistently low commodity prices, waning demand and tightening capital and credit markets have been...
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October 19, 2016, 07:00 AM
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Mining Equipment Market size is expected to reach USD 99.13 billion by 2024; according to a new research report by Global Market Insights, Inc.While mining operations depend heavily on the ore location, the prominent production locations function in...
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October 17, 2016, 07:10 AM
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Atlantic Gold Corporation announced that it has executed a commitment letter and supporting term sheet with Caterpillar Financial Services Corporation ("Cat Financial"), pursuant to which Cat Financial has agreed to underwrite up to $20 million in...
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February 23, 2016, 07:00 AM
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CG Commercial Finance (CGCF) completed its 23rd schedule for one of the United States largest privately held coal mining operation, for a total of $77,162,139 for new and used above and below ground mining equipment and vehicles. The leases are...
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December 04, 2014, 06:30 AM
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Mazuma Capital is funding a $4.5 million operating lease on industrial ovens for a growing mining company. The ovens will be used in refining a rare ore only found in a remote area of the western United States. The ore is an ideal resource that...
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October 21, 2014, 07:13 AM
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Caterpillar Financial Services Corporation ("Cat Financial") completed a US$24 million equipment finance facility ("Equipment Financing") with Nevada Copper Corp. ("Nevada Copper" or "Company"). The Equipment Financing forms part of the overall...
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October 02, 2013, 06:35 AM
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