BTCS, a blockchain technology focused company which secures the blockchain through its transaction verification services business, established an equipment financing facility through an agreement with CSC Leasing Company, an independent lessor of technology equipment.

“The financing flexibility provided by our agreement with CSC puts us in an advantageous position to improve shareholder value as we move forward on the next phase of our growth strategy,” said Charles Allen, CEO of BTCS. “While specific terms of the facility will be determined as we add new equipment, we anticipate we will now be able to grow operations with a lower cost of capital while limiting equity dilution.”

BTCS recently signed a definitive agreement to merge with Spondoolies, a leading transaction verification server manufacturer which announced un-audited revenue of more than $28 million for the 12-months ending December 31, 2014. The merger combines the operational expertise of BTCS’ transaction verification services with Spondoolies’ industry leading technology.

BTCS secures the blockchain through its rapidly growing transaction verification services business and plans to build a broader ecosystem to capitalize on opportunities in this fast growing industry.