Meanwhile partners with investment platform

Bermuda-based crypto life insurer Meanwhile has agreed a strategic partnership with bitcoin investment platform Block Green. 

Under the agreement, bitcoin-denominated  Meanwhile will supply liquidity via a Bitcoin denominated revolving credit facility and will provide working capital for Bitcoin miners to finance capital expenditure investment for mining and AI compute. 

In return, Block Green, which is backed by technology investor Peter Thiel, will  provide Meanwhile with yield opportunities from credit worthy industrial Bitcoin miners, aligning with their fund's objective to invest in products that enhance exposure to Bitcoin.

“This partnership will create a strong financial foundation for the continued growth of Block Green's ecosystem while enabling the potential for exponential out performance of Bitcoin prices for the Meanwhile fund,” a statement from Block Green said. 

Meanwhile is backed by Sam Altman, the chief executive over of artificial intelligence trailblazer Chat-GPT. 

"Meanwhile is creating products that let investors unlock Bitcoin's full potential and purchasing power without costly taxes or traditional loans," said Zac Townsend, CEO of Meanwhile. "Through innovative solutions like their Bitcoin-backed loans, companies like Block Green can continue to build for the digital asset economy."

"We're excited about this new partnership, which represents a significant milestone in the ongoing maturity and evolution of the Bitcoin financial ecosystem," said Sebastien Hess, CEO of Block Green. "Both Meanwhile and Block Green share a deep commitment to the Bitcoin Standard, and we're proud to offer innovative financing products that provide a growing number of investors with unique exposure to the mining industry and beyond with upcoming opportunities in AI."

Block Green said it is a capital platform designed to empower Bitcoin miners through tailored financial solutions. Backed by  Thiel and Coinbase, it focuses on innovation, delivering products that maximise operational efficiency and scalability within the Bitcoin mining ecosystem.

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