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Bitcoin Mining Company Crusoe Energy Receives a $200 Million Financing Commitment From Upper90, Which Will Be Used to Purchase Nvidia H100 GPUs

October 24th, Bitcoin mining company Crusoe Energy announced that it has received a $200 million asset-backed financing commitment from investment firm Upper90. The funds raised will be specifically used to purchase more GPUs (Nvidia H100 Tensor Core GPUs) to expand their cloud business.

Upper90 is responsible for providing all the funds for this debt financing, and additional GPU capacity is expected to be provided to customers in the first quarter of 2024. According to reports, Upper90 is a hybrid credit fund company that provides financing solutions for startup technology companies.

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