Bitcoin Mining Firm KnCMiner Raises Further $15 Million
Bitcoin mining company KnCMiner has raised $15m in Series B funding. Led by international venture capital fund Accel Partners, the round also included existing investors of the Stockholm-based mining company GP Bullhound and Creandum, as well as noted Swedish investor Martin Wattin. Creandum led the mining firm's $14m Series A round, announced in September, which also saw participation from GP Bullhound. KnC says it plans to use the latest funding in expanding its operational capacity, as well as furthering the development of its next-generation 16-nanometer mining chip.. According to....
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KnCMiner, the well-known manufacturer of bitcoin mining equipment, has announced the closing of a $14 million USD Series A investment round let by Creandum, a Nordic venture capital firm. International technology investment bank GP Bullhound was said to have acted as the "exclusive financial adviser" to KnCMiner on this particular investment. According to KnC, the huge eight-figure investment will allow the company to expand their mining operations, but also provide consumers with bitcoin-related services. The company did not elaborate on just what those services were. "We are delighted to....
As a follow-up to a post made yesterday, in which KnCMiner's upcoming Titan Scrypt mining rig pre-orders were announced, the company has shared some news with regard to sales - and they're nothing short of impressive. According to TechCrunch, the company notes that they managed to sell $2 million worth of the rig in pre-orders. In a four hour period. Let that sink in for a moment. Coming in at $9,995, it isn't cheap either. But for users looking to mine alternative cryptocurrencies, it could be a worthwhile investment. "We are overwhelmed by the positive response we have gotten and we will....
KnCMiner Can't Compete in hardware sales, but they might be making it up to their customers now. KnCMiner has been unable to produce quickly and ship mining equipment for some time now. After it's lengthy eight-month wait for Neptune miners, they've decided to do the right thing and stop selling mining equipment to independent miners. KnCMiner will now be selling cloud mining instead. There are reports from KnC customers that Titan order refunds are being processed, according to GAW CEO on HashTalk. That is sure to make lots of KnCMiner Customers happy if true. If KncMiner continues on....
Original Neptune announcement image. KnCMiner has previously received a lot of attention as the first "legitimate" Bitcoin ASIC manufacturer especially after the BFL fiasco, but has this once widely-touted company lost its touch and turned to the dark side? Editor's Note: KnCMiner's CMO, Nanok Bie, has reached out to CCN to clarify that no Neptunes are being used in their datacenter. Furthermore, he clarified that KnCMiner's 5% of total network hashrateincludes the hashratethat they sell in contracts; that is to say, KnCMiner makes less than $3.6 million USD a month from mining. He also....
On Wednesday, the North American bitcoin mining operation Blockware Mining announced the firm closed a $25 million investment round. According to the company, Blockware Mining aims to leverage the financing to expand operations “beyond its currently installed North American footprint.” Blockware Raises $25 Million, Purchases 14,000 ASIC Miners Blockware Mining, a bitcoin mining infrastructure and colocation service operation revealed the company has raised $25 million on June 30. The U.S.-based firm claims to “generate bitcoin below market prices” by utilizing....