Blockmetrix raised $43 million to buy miners
The funds were received as part of the Series B funding round
10.03.2022 - 08:45
154
1 min
0
What’s new? Blockmetrix, a US startup specializing in the mining of cryptocurrencies, has reported the successful completion of another funding round. In total, the company managed to raise $43 million in Series B funding from investors from various regions of the world.
What will the funds be used for? Blockmetrix said that it plans to use the funding to further expand its fleet of miners. In total, the Texas-based startup will purchase around 5000 new devices. In a previous round of funding, the company also directed funds towards the purchase of miners, with more than 1000 cryptocurrency mining machines were acquired.
Blockmetrix CEO Nevin Bannister thanked investors from the USA, Australia, and Asian countries for their support and stressed that the company aims to continue scaling quickly and to have a third round of funding soon.
Useful material?
Market
According to Michael Saylor, the move would increase the value of the corporation by $4,9 trillion by 2034
Dec 2, 2024
Incidents
The platform began the bankruptcy process in July 2022
Nov 28, 2024
Incidents
Crypto mixer smart contracts do not have an administrator key, so no one can control them, and they are not considered proprietary
Nov 27, 2024
Market
According to the politician, this will combat widespread corruption by ensuring transparency and accountability of budgetary funds
Nov 26, 2024
Market
Justin Sun invested $30 million in the project
Nov 26, 2024
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024