GRIID Granted $525 Million in Facility Credit From

November 26, 2021

Bitcoin self-mining company GRIID Infrastructure revealed a new partnership extension with, with GRIID securing a four-year, $525 million line of facility credit to expand its capabilities.

Crypto mining is a necessary element for digital asset companies, but its success depends upon serious amounts of energy and expensive hardware. GRIID Infrastructure specializes in creating affordable, carbon-free bitcoin mining operations to make mining more efficient and environmentally friendly.

With this new line of credit, GRIID will further scale operations, increase capacity, and make mining processes more energy efficient.

“For the past two years we’ve worked closely with GRIID to not just provide capital, but to be a partner invested in the growth of the business,” said Peter Smith, CEO. “It’s incredible to see their trajectory and we are confident that GRIID is well positioned to become a dominant U.S. based bitcoin miner. We’re excited to continue to partner with them to grow their company and the industry in the coming years.” is recognized as a pioneer into the crypto world, and is a notable capital investor for a number of crypto-related companies looking to expand capabilities. The organization’s Institutional Markets team has originated roughly $5 billion worth of loans since 2017, in order to improve the complex processes behind  buying,selling, and trading digital currencies.

“ is an established leader in the digital asset space with unique knowledge into every aspect of the crypto ecosystem, including mining operations,” said Trey Kelly, GRIID Founder and CEO. “ is an ideal capital partner as we strengthen our infrastructure and operations across our growing portfolio of bitcoin mining facilities.”

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Edited by Erik Linask

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