Bitcoin Miner Greenidge Generation Issues $50M Bond Sale

Posted on by American Coins & Gold

Bitcoin Miner Greenidge Generation Issues M Bond Sale
Bitcoin mining firm Greenidge Generation Holdings (NASDAQ: GREE) plans to sell $50 million worth of five-year bonds.The Nasdaq-listed firm has entered into an agreement with an underwriter for the sale of $50 million worth of 8.5% senior notes due 2026, according to an SEC filing dated Oct. 8.The offering is expected to close today.“In addition, the underwriting agreement grants the underwriters a 30-day option to purchase from the company up to an additional $5,200,000 aggregate principal amount of the notes,” the filing said.Greenidge expects to raise around $48.25 million from the sale, which it will use to repay other debts…