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Prospect News home > News index > List of issuers W > Headlines for Wasabi Energy Ltd. > News item
Published on 1/19/2021 in the Prospect News Private Placement Daily.

Wasabi gets $27.5 million debt financing through MGG Investment Group

By Devika Patel

Knoxville, Tenn., Jan. 19 – Wasabi has raised $27.5 million in debt financing from MGG Investment Group, LP, according to a press release.

Proceeds will be used to bolster the company’s infrastructure, including constructing additional data centers in new geographies, to meet accelerating demand for Wasabi’s cloud storage solutions.

The cloud storage company is based in Boston.


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