Reading time: ~2 m
Texas-based Bitcoin mining startup Blockmetrix has raised $43 million in a Series B funding round.
According to the statement, the participants were investors from the US, Australia and Asian countries. The amount of the round exceeded expectations, the startup noted.
Blockmetrix will use the raised funding to expand the business. The company expects to purchase an additional 5,000 devices for mining.
With Series A funding of $7 million, the firm has previously acquired more than 1,000 ASIC miners. The total amount of capital received by the startup reached $50 million.
“The fastest scaling of our company has been our main prerogative from the very first day. We aim to maintain this momentum and meet industry demand as we move towards a possible third round of funding. We are grateful to our investors for their trust,” said Blockmetrix co-founder and CEO Nevin Banister.
Recall that in February, the income of bitcoin miners fell by 13%, barely exceeding $1 billion.
#Mining #Startup #Blockmetrix #Raises #43M