Blockware Mining Closes $25M Investment Round, Plans To Triple Hash Rate From...

Blockware Mining Closes $25M Investment Round, Plans To Triple Hash Rate From...

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 […]


Related News

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.

Blockware Mining raises $25 million to triple hash rate from Kentucky facility

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.....

Blockware Mining Raises $25M — Firm Looks to Make ‘Hashrate in the US More Gl...

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....

Ethereum Milestone: Mining Hash Rate Sets New All-Time-High

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 […]

Kazakhstan likely to lose Bitcoin hash rate leadership in next index update

Several Chinese crypto mining giants like BIT Mining have already scraped some of their expansion plans in Kazakhstan. Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts.According to Cambridge Bitcoin Electricity Consumption Index (CBECI), Kazakhstan was housing over 18% of the world’s BTC hash rate as of August 2021, following only the United States.Kazakhstan’s BTC mining power increase was partly driven by the massive Chinese miners’ exodus....