Arctos Capital, a commercial lender with offices in San Francisco, CA, and Calgary, AB, has closed another equipment financing transaction to help leading Bitcoin Mining firms bring more hashpower to North America. The $2.8 million transaction financed the purchase of MicroBT Whatsminer M30S Mining Servers, which will be hosted in the United States.

“This mining facility is one of the most attractive we’ve seen not only in North America but worldwide. Low-cost power infrastructure and efficient mining servers coupled with our client’s operational expertise should lead to this operation being very successful,” said Trevor Smyth, Managing Partner at Arctos Capital.

Arctos Capital’s team believes the bitcoin mining industry presents an attractive opportunity to generate yield through secure equipment financing transactions. The firm plans to scale aggressively throughout the rest of 2020 and into 2021.

This transaction follows previously announced deals that Arctos has funded with Core Scientific and Blockware Mining.