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❕NEWS Bitcoin Miner Greenidge Generation Offers Additional $35M in Bonds

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LutherKing

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Bitcoin mining company Greenidge Generation Holdings (GREE) plans to sell $35 million in senior notes, due in October 2026, according to a new filing.

They are planning to offer 8.5% Apyr interest rates on these bonds for the next 5 years for development purposes

They also intend to use the net proceeds from this offering for general corporate purposes, including funding capital expenditures, future acquisitions, investments and working capital and repaying indebtedness," the miner said in the filing.

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I think it's good to see that million of dollars would be offered for such purpose ,and I really hope the project generste the required interest on the bond ,they have particularly cooperated to pay the bond holders ,I think to me all these are considerable good investment , people should always look forward to ,when it comes to investing
 
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