Bitcoin mining company Crusoe Energy has secured a $200 million financing commitment from Upper90, which will be used to purchase NVIDIA H100 GPUs

2023-10-24 15:42:48

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ChainCatcher news, Bitcoin mining company Crusoe Energy announced a $200 million asset-backed financing commitment from investment firm Upper90. The funds raised are planned to be specifically used for further purchasing GPUs (NVIDIA H100 Tensor Core GPUs) to expand cloud operations. Upper90 is responsible for providing all the funds for this debt financing, and the additional GPU capacity is expected to be available to customers in the first quarter of 2024. Additionally, it has been reported that Upper90 is a hybrid credit fund company that specializes in providing financing solutions for startup technology companies.

According to the crypto data platform RootData, Bitcoin mining company Crusoe Energy has raised over $630 million in total investments.

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