Genesis receives additional equity infusion of $140M following recent market ...
According to the company, this will bolster its position as a global leader in crypto capital markets. Genesis trading announced on Nov. 10 that it will receive an additional equity infusion of $140 million from its parent company, Digital Currency Group. According to the company, this decision was made to “strengthen its balance sheet” and boost its “position as a global leader in crypto capital markets.”Genesis said it also hopes that the equity infusion will put its company in a position to support its clients and “the growing demand” for its services. This is according to a snapshot of....
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Genesis Digital previously raised $125 million in an equity funding round led by Kingsway Capital in July 2021. Major Bitcoin (BTC) mining company Genesis Digital Assets has secured $431 million in funding to expand its industrial-scale mining operations in the United States and Nordics.The new funding round was led by Paradigm, one of the biggest cryptocurrency investment companies backing major industry players like Coinbase and FTX. Paradigm co-founder Matt Huang has also joined Genesis Digital’s board of directors, the firm announced on Sept. 21.Other investors include the $11 billion....
Genesis announced a $125 million round of equity funding to further expand the bitcoin miner's industrial-scale operations.