The mining space is fast becoming the most vibrant part of the crypto industry. With difficulty dropping and the landscape undergoing a fundamental change, several companies are looking to capitalize.

Crusoe Energy Systems Inc, a data center operator, based out of Colorado, is seeking a loan facility to expand the company’s Bitcoin mining business, Bloomberg reports.

Earlier this week, reports confirmed that Crusoe Energy Systems Inc – a data center operator based out of Colorado – is seeking investors to help expand the firm’s Bitcoin mining business.

Citing people with knowledge on the matter, Bloomberg reported that Crusoe had set a target of $10 million to $125 million. The loan facility will be backed by the company’s mining and generation equipment, although new details could change the deal’s terms.

Crusoe leverages excess natural gas from oil and gas companies to power crypto mining operations.

Per the Bloomberg report, Crusoe is also working with New York-based investment management firm Ducera Partners LLC.

If successful, the capital raise will make it two financing deals signed in a year.

Crusoe closed $128 million in equity financing back in April, with Chicago-based investment firm Valor Equity Partners leading the round. Other participants included Coinbase Capital, Bain Capital Ventures, and Winklevoss Capital.

Mining has been especially vibrant so far, following a sweeping bank from China on all operations.

The country, which held as much as 65 percent of the global mining hashrate, essentially outlawed Bitcoin mining in the first half of the year.

The decision led to a massive exodus of miners from the country and an opportunity for other countries and mining companies to pick up the slack.

Official data shows that the Bitcoin mining difficulty has dropped for four successive weeks. Mining difficulty is now the lowest it’s been in months, and companies understand that scaling up their operations will help them capitalize on the situation.

Crusoe Energy isn’t the only company looking to make moves. Several mining companies have expanded their operations as they look to grow quickly.

Last week, British mining firm Argo Blockchain announced that it had begun filing for an Initial Public Offering (IPO) in the United States. In a tweet, the company explained that it had filed with the Securities and Exchange Commission (SEC), proposing a dual listing with the London Stock Exchange (LSE).

Argo has been listed on the LSE since 2018. Depending on the SEC’s timing and approval process, the Argo IPO could happen in the third quarter of this year.

On the same day, Core Scientific, one of North America’s largest Bitcoin mining operators, announced that it would be listed on the NASDAQ exchange. CNBC reported that Core had inked a merger with Power & Digital Infrastructure Acquisition Group – a special-purpose acquisition company (SPAC). The deal, which is valued at $4.3 billion, will pave the way for an easier listing for Core.

For now, details like a trading ticker and the start of trading are still unknown. Core is now set to join the ranks of publicly traded mining companies like Riot Blockchain and Marathon Digital.

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