Bitcoin Mining Startup Blockmetrix Raises $43M in Series B Round

Blockmetrix plans to develop quickly through the use of the utmost quantity of obtainable capital and debt to purchase mining rigs, whereas controlling energy prices by means of numerous joint ventures, CEO and co-founder Nevin Bannister instructed CoinDesk. “By means of [joint ventures] we are going to get hold of part-ownership of a co-location facility to make sure low energy charges and a spot to deal with our bitcoin miners,” he mentioned. The corporate’s JV companions shall be answerable for the event and operation of the co-location facility, which is able to assist channel nearly all of the funding instantly in the direction of rising hashrates slightly than constructing infrastructure, Bannister defined.

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