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Top TradFi Institutions Lent Millions to Crypto Miner Core Scientific
Core Scientific was lent millions by top traditional finance institutions, a move that helped the cryptocurrency miner thrive and build out its business. BlackRock and Apollo Global Management are among a group of creditors that lent the miner $500 million by purchasing its convertible notes, a court filing published Jan. 18 showed. Bloomberg first reported the news on Tuesday. The miner managed to raise capital as BlackRock snapped up $38 million of convertible notes via subsidiary-managed accounts in August 2021, the report said. Apollo acquired $33.6 million between April and August that year. They also ... (full story)
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- Posted: Jan 25, 2023 4:56am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 70
