Kraken Saves Historic Hackerspace Noisebridge With 17.5 BTC Donation

[image credit : Kraken]

Cryptocurrency exchange Kraken has donated 17.5 BTC, worth over $150,000, to the collaborative hackerspace Noisebridge.

According to a report by the San Francisco Chronicle, Noisebridge, a hackerspace that has been around for over a decade, received a 17.5 BTC donation from Kraken on Feb. 27.

The donation was made in response to a tweet by John Backus, a participant and supporter of Noisebridge, explaining the collective would be forced out of its San Francisco space due to a failed inspection. Backus said it would cost $150,000 to install a new sprinkler system in order to satisfy building code requirements.

Kraken’s official Twitter account responded to Backus’s tweet with a link showing a bitcoin transaction of 17.5 BTC to cover the cost of the new equipment.

Backus, who has been visiting Noisebridge since 2013, says the collaborative operates entirely on funds from donors.

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