MiningStore, a company specializing in Bitcoin mining infrastructure, announced it has secured a $3.4 million strategic loan from Millennium Infrastructure Fund. This financing is earmarked to accelerate the development of a new 10-megawatt dual-grid Bitcoin mining facility, significantly boosting the company’s operational footprint. The new funding positions MiningStore to reach a total of 62.5 megawatts of operational capacity by December 2025, representing a 45% increase in just six months.
The three-year loan will directly fund the construction of a new 5-megawatt hydro-cooled Bitcoin mining site. This facility, which will be connected to the MISO power grid, will initially host over 800 mining slots and is engineered with the capacity to expand to 10 megawatts in the future. The company projects that the new site will be fully operational by December 1, 2025, marking a significant milestone in its ongoing expansion efforts.
This expansion leverages a sophisticated strategy that capitalizes on the distinct advantages of regional power markets in the United States. The initial 5-megawatt hydro-cooled capacity in the MISO grid is designed for maximum performance and baseload stability with minimal risk of power curtailment. This is complemented by a planned expansion potential of 5 megawatts of air-cooled capacity within the SPP grid, a region known for its cost efficiency and historically lower energy costs. By operating across both grids, MiningStore aims to build operational resilience while optimizing for both performance and price.
The partnership with Millennium Infrastructure Fund, a specialized infrastructure debt fund, signals a broader institutional evolution within the Bitcoin mining sector. This structured financing highlights a shift in how the industry is perceived, moving away from its origins of speculative funding. Today, sophisticated institutional investors are increasingly viewing Bitcoin mining operations as a form of critical digital infrastructure, attracting capital that seeks exposure to the digital asset ecosystem through proven and reliable operational models.
MiningStore has established a track record of consistent execution, with seven facilities already operational and an additional four scheduled to launch by year-end. This history of deploying both turnkey hosting solutions and custom institutional setups has established the company’s credibility in the market. Following this recent financing, MiningStore has immediate hosting capacity available for qualified institutional and individual clients seeking secure and scalable Bitcoin mining infrastructure.
KEY QUOTES:
“We view Bitcoin mining as infrastructure-grade deployment. Our investment underscores the fund’s commitment to resilient, scalable digital infrastructure.”
Bill MacNamara, President of Millennium Infrastructure Fund
“We are witnessing Bitcoin mining mature from startup venture to institutional infrastructure play. Millennium’s involvement signals that world-class financial institutions recognize mining’s role in the digital economy.”
JohnPaul Baric, CEO of MiningStore
