100M

Bitcoin Miner Core Scientific Gets $100M Equity Financing Despite Bear Market

Bitcoin Miner Core Scientific Gets $100M Equity Financing Despite Bear Market

Core has been raising cash by selling some of the bitcoins it has been mining. Last month, it sold 7,202 bitcoins at an average price of $23,000 to raise about $167 million. The miner said it intends to use the proceeds from the sales mainly for payments toward ASIC servers, capital investments in additional data-center …

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Balancer breaks $100m AUM as BAL begins trading on secondary markets

Balancer breaks $100m AUM as BAL begins trading on secondary markets

Quick Take Balancer, an n-dimensional automated market maker, has surpassed $100m in AUM Key performance indicators are up across the board as protocol token, BAL, trades at $1.4bn fully diluted market capitalization  Despite dramatic growth in liquidity inflows trade volumes remain relatively muted, raising questions around long-term capital efficiency This research piece is available to …

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