Bitcoin Mining Company Blockmetrix Closed a $43 Million Funding Round - BitcoinEthereumNews.com
BitcoinBitcoin Mining Company Blockmetrix Closed a $43 Million Funding Round03 / 08 / 2022बिटकॉइन एथेरियम समाचार Dallas-based cryptocurrency mining organization – Blockmetrix – disclosed it had raised $43 million in a Series B investment round. Thus, the companys total venture funding reached $50 million. Blockmetrix Stepping up According to the anouncement, the fresh financing included investors from the United States, Australia, and several nations in Asia. Blockmetrix vowed to employ the $43 million to expand its operations by securing additional digital asset mining rigs. Founded in 2021, the BTC miner used its first $7 million Series A funding to deploy 1,000 cryptocurrency mining rigs. According to the company, the newly raised funds will allow it to provide more than 5,000 rigs in the near future. One of the reasons for Blockmetrixs considerable funding might be its location. Over the past several months, Texas has emerged as the mining capital of the US as local regulators show a positive stance towards the industry. The “Lone Star State” also has an affordable price of electricity, which is a key factor for this business. Nevin Banister – Co-Founder and CEO of the company – said this additional investment is a “significant milestone and testament” to the teams efforts to