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Crypto finance company closes bitcoin mining equipment finance deal

Fasken
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Overview

Client

NYDIG ABL LLC

On March 25, 2022, NYDIG ABL LLC closed a $71,195,850.00 USD financing for cryptocurrency mining equipment. As part of the Financing Agreement, a British Columbia SPV wholly owned by Iris Energy Limited of Australia, has borrowed these funds from NYDIG ABL LLC to secure cryptocurrency mining equipment in Canada.

NYDIG is a bitcoin company that is fusing high tech with institutional-grade finance to usher in a new era of financial products.

Fasken acted as Canadian counsel to NYDIG with a team led by Scott Sangster.

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