#USA #Bitcoin Mining #MiningStore #Millennium Infrastructure Fund #West Burlington

MiningStore Secures $3.4M to Boost Bitcoin Mining Operations

MiningStore, a prominent player in the Bitcoin mining infrastructure sector, has recently announced a strategic loan of $3.4 million from the Millennium Infrastructure Fund. This funding will play a crucial role in enhancing the company's Bitcoin mining capabilities, enabling a swift move towards achieving 62.5 MW of operational capacity by the end of December 2025. This ambitious target reflects a notable 45% increase in the mining operations within just six months.

Strategic Deployment of Funds

The loan will be utilized primarily to construct a new 5 MW hydro-cooled Bitcoin mining facility that will connect to the MISO (Midcontinent Independent System Operator) grid. This new facility is initially set to host over 800 mining slots and has the potential to expand to 10 MW in the future. An operational target is set for December 1, 2025, marking a significant milestone in MiningStore's continuous expansion strategy.

Bill MacNamara, President of the Millennium Infrastructure Fund, emphasized the loan's strategic value, stating that, "We view Bitcoin mining as infrastructure-grade deployment." His remarks highlight a broader trend where institutional investors are beginning to see Bitcoin mining as an essential component of a resilient, scalable, digital infrastructure.

The Evolving Landscape of Bitcoin Mining

As institutional investors increase their interest in Bitcoin mining, it’s clear that the landscape is shifting from speculative ventures to established infrastructure investments. JohnPaul Baric, CEO of MiningStore, conveyed his excitement about this evolution, noting, "Millennium's involvement signals that world-class financial institutions recognize mining's role in the digital economy." This partnership is indicative of a new phase for Bitcoin mining, where it is perceived not just as a venture but as a key player in the digital economy's infrastructure.

Leveraging Grid Advantages for Expansion

MiningStore's expansion strategy strategically utilizes regional power market advantages. The dual approach of a 5 MW hydro-cooled facility connected to the MISO grid provides optimal performance, while the potential for an additional 5 MW air-cooled capacity on the SPP (Southwest Power Pool) grid is crafted to enhance cost efficiency. Together, these strategies offer operational resilience, leveraging SPP's historically low energy costs and MISO's stable baseload power supply.

The arrival of Millennium Infrastructure Fund as a partner marks a pivotal moment in the institutional evolution of Bitcoin mining. With traditional funding models being replaced by more structured and sophisticated investment avenues, MiningStore positions itself as a leader in attracting capital interested in exposure to digital asset infrastructure.

Scaling and Future Prospects

Currently, MiningStore operates seven facilities, with plans to launch four additional sites by the end of the year. This operational footprint allows them to build credibility and expertise through consistent execution in both turnkey hosting and custom institutional deployments. As a result, immediate hosting capacity is available for both institutional and individual clients, giving them access to a reliable Bitcoin mining infrastructure.

About MiningStore

Founded with the mission to commercialize Bitcoin mining, MiningStore has assembled a network of over 10,000 miners throughout Iowa's power grid, ensuring top-tier reliability. Its offerings include a Managed Mining Program, Hosting Services, and Remote Hands deployments, all crafted to simplify complex mining operations for investors. By merging traditional finance with digital asset infrastructure, MiningStore aims to deliver operational excellence and scalable services.

About Millennium Infrastructure Fund

The Millennium Infrastructure Fund specializes in providing infrastructure debt capital, particularly in the construction and financing of regional broadband infrastructure, including data centers. Their focus lies in supplying institutional-grade capital along with essential engineering expertise, materials, and logistics for projects.

In summary, this strategic alliance not only highlights MiningStore's ambitious expansion goals but also represents the growing recognition of Bitcoin mining as a legitimate and necessary component of the digital economy's infrastructure framework.