BlockchainFintech

Stripe-Backed Blockchain Startup Tempo Secures $500M Series A at $5B Valuation

The blockchain startup Tempo, founded by Stripe and Paradigm, has reportedly raised $500 million in a Series A funding round. The investment values the young company at approximately $5 billion, making it one of the most significant blockchain venture rounds recently.

Major Funding for Emerging Blockchain

The blockchain startup Tempo, which recently emerged from incubation, has reportedly raised $500 million in a Series A funding round, according to sources familiar with the matter. The investment values the young company at approximately $5 billion, positioning it among the highest-valued blockchain ventures in recent memory. The round was reportedly led by venture capital giants Thrive Capital and Greenoaks, with participation from other prominent firms.

BlockchainBusiness

Bitfarms Secures $300M Project Financing for Pennsylvania HPC/AI Data Center Development

Cryptomine and HPC data center developer Bitfarms has transformed its $300 million private debt facility into project-specific financing for its Pennsylvania data center campus. The company plans to draw an additional $50 million to accelerate equipment purchases and advance HPC/AI development at the Panther Creek facility, according to recent reports.

Major Financing Shift for Pennsylvania Data Center Project

Cryptomine and high-performance computing data center developer Bitfarms has reportedly converted its $300 million private debt facility from Macquarie Group into project financing specifically for constructing a Pennsylvania data center campus, according to company announcements. Sources indicate this strategic move will enable the development of Phase I of the 350MW Panther Creek data center facility in Pennsylvania.