FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Arctos Capital Closes $1MM Sale/Leaseback Transaction for Blockware Mining

April 20, 2020, 09:10 AM
Filed Under: Mining

Arctos Capital announced the closing and funding of a $1,000,000 USD sale and leaseback transaction for Blockware Mining, LLC, a leading Bitcoin Mining and Mining Rig Hosting Services Company, operating in the United States. The proceeds will be used for working capital and to further expand the company’s mining capacity through the acquisition of additional mining equipment.

Matt D’Souza, as CEO, and Michael Stoltzner, as President, form the management team of Blockware Mining.

Trevor Smyth, Managing Partner at Arctos Capital, commented “After spending time with the Blockware Mining Team over the past few months, it became apparent that they understand the economics of mining bitcoin as well as anyone, and that they were setting their operation up for success. We are excited to announce the closing of this sale and leaseback transaction, which we believe to be one of the first, if not the first, transaction of its kind in the US. Equipment leasing structures will offer Bitcoin Mining Companies an efficient, lower risk method to free up working capital and expand their revenues. We are excited to grow our capacity to provide debt financing to the top Bitcoin Miners in North America throughout 2020 and beyond.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.