Cormint raises $30,000,000 Series A and 400 BTC in Bitcoin debt to scale West Texas Bitcoin mine
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Tuesday, May 16, 2023
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Cormint Data Systems, Inc. (“Cormint”), an emerging Bitcoin miner focused on mining low-cost Bitcoin at scale while supporting a reliable and renewable power grid, announced today that it has successfully raised $30,000,000 in Series A equity.
Key Points:
- Cormint Data Systems, Inc. (“Cormint”), an emerging Bitcoin miner focused on mining low-cost Bitcoin at scale while supporting a reliable and renewable power grid, announced today that it has successfully raised $30,000,000 in Series A equity.
- Silicon Labs former CTO, Alessandro Piovaccari, also joined the round alongside Mr. Sooch, becoming advisors to Cormint as well as investors.
- Cormint continues to innovate with its own proprietary immersion solution and power optimization software and expects to be amongst the lowest cost Bitcoin miners in North America.
- “I am going all in on Bitcoin mining in West Texas.