Blockware Mining Raises $25 Million, Seeks To Triple Hash Rate
Bitcoin mining company Blockware Mining has raised $25 million and plans to triple hash rate capacity and build out Kentucky facilities.North American bitcoin mining company Blockware Mining today announced that it has raised over $25 million in a second oversubscribed funding round, bringing the company’s total capital raised to more than $32 million.According to the announcement, Blockware plans to use the funding proceeds to increase both the scale and scope of its mining operations in its currently-installed North American farms and beyond.The company’s previous rounds have allowed the....
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Blockware announced on Thursday that a second oversubscribed fundraising round had raised $25 million. Blockware Raise Money In Oversubscribed Round North American bitcoin mining company Blockware Mining today announced that it has raised over $25 million in a second oversubscribed funding round, bringing the company’s total capital raised to more than $32 million. They want […]
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....
Blockware raised $25M in a second oversubscribed round to expand bitcoin mining operations in a state with some of the lowest U.S. industrial electricity costs. Blockware announced Thursday that they have raised $25M in a second oversubscribed fundraising round.They plan to use the funds to expand their bitcoin mining operations in Kentucky, and will also install 8,000 more bitcoin mining rigs on its Paducah campus, where it recently purchased 5 acres of land.The company has already purchased the necessary rigs, and 6,000 more that it has slotted for resale operations to other miners.....
The Ethereum mining hash rate has reached a new all-time-high (ATH) value after completely recovering from China’s crackdowns. Ethereum Mining Hash Rate Makes New ATH The ETH network hash rate has made a new ATH record as the average daily hash rate reached 715k GH/s on Sunday. As Ethereum currently uses a Proof of Work […]
Despite reports to the contrary, the Bitcoin hash rate has crashed to its lowest level since Q3 2019, at 58 million TH/s. @caprioleio described this situation as a chart “to give you nightmares.” Source: @caprioleio on Twitter.com This then raises questions over the relationship between the price of Bitcoin and its hash rate and whether […]