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.
