Sebastian Sinclair
Arctos Inks $1M Sale and Leaseback Deal With Bitcoin Miner Blockware
Correction: The article previously stated that Blockware Mining is a subsidiary of Blockware Solutions. Blockware Mining is a separate entity from Blockware Solutions. Private investment firm Arctos Capital has acquired $1 million in assets from Blockware Mining LLC, but will lease them back to the company.
WE RECOMMEND THE VIDEO: VeChain (VET) WILL Make You Rich In 2021 | (VTHO) Cryptocurrency Altcoin Explained Price Prediction
The get $ 610 bonus free deposit today code: win $ 500 $ 20 coupon per any deposit $ 50 bonus per 0.05 ...
Arctos Capital, the general partner of the Arctos Capital Cryptoasset Credit Fund, is a commercial lender that provides financing for mining businesses and investors, according to a press release. Arctos will lease the lastest generation of Bitmain Antminer hardware to Blockware as well as allowing the company to continue its mining and hosting operations.
Blockware intends to use the funds to expand its operations and equipment. A leaseback transaction allows for businesses to sell an asset and lease to another company or individual in the long-term after a completed sale.