AUSTIN, TX / ACCESS Newswire / January 17, 2025 / 2024 marked a transformative year for NFN8 Group. In a remarkable achievement, NFN8 Group successfully fulfilled over $11 million in financial obligations to its equipment lender, NYDIG, further solidifying its robust financial standing and long-term growth strategy.
This milestone stems from strategic futures contracts signed in 2021 and 2022 with one of the world's leading Bitcoin "supercomputer" manufacturers, totaling over $25 million. These agreements empowered NFN8 Group to enhance its mining capabilities with state-of-the-art equipment. As the Bitcoin miners became operational and generated consistent cash flow, the company steadily reduced its loan obligations, culminating in full repayment in 2024.
"With the exception of our core clients who participate in our sale/leaseback program, we are starting 2025 completely debt-free. This is a breath of fresh air and a major milestone for our company," announced Josh Moore, CEO of NFN8 Group.
The financial achievement positions NFN8 Group for a new growth phase, enabling the company to expand its fleet of Bitcoin miners, enhance its blockchain data center capacity, and reinforce its commitment to sustainable growth. By leveraging mining rewards and a customer-centric approach, the company continues to redefine opportunities in the blockchain ecosystem.
NFN8 Group has become a partner for accredited clients seeking to diversify their portfolios through Bitcoin mining. The company's unique model allows clients to purchase mining systems, earn fixed monthly income, and retain ownership of the equipment.
As NFN8 Group enters 2025, its focus remains on delivering cutting-edge solutions and expanding its positive impact on the blockchain industry. With a commitment to innovation and operational excellence, the company is poised to achieve new milestones and further solidify its position in the cryptocurrency mining space.
About NYDIG:
NYDIG is a leading Bitcoin financial services and infrastructure provider dedicated to regulatory compliance and operational excellence. A subsidiary of Stone Ridge Holdings Group, NYDIG offers a wide range of solutions, including Bitcoin mining, custody, and financing services. Known for its trusted Bitcoin infrastructure, NYDIG supports institutional clients by providing tailored financial services and research insights into Bitcoin trends, flows, and market dominance. Additionally, NYDIG specializes in lending for cryptocurrency mining equipment purchases, enabling businesses to scale their operations effectively.
About NFN8 Group:
Founded in 2017, NFN8 Group has established itself as a prominent player in the bitcoin mining industry. Leveraging a unique sale/leaseback program, proprietary software, and extensive in-house equipment, the company offers accredited clients a fixed monthly cash flow. By combining industry expertise with innovative strategies, NFN8 Group continually reinvests in its mining infrastructure to drive long-term growth.
Contact:
Cory Rodriguez
cory@nfn8.com
(512) 777-5524
Austin, TX
SOURCE: NFN8 Group (Cory Rodriguez)
View the original press release on ACCESS Newswire
