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US mining startup Blockmetrix raises $43M

Mining

bctd.news 09 March 2022 15:35, UTC
  
Reading time: ~2 m

Texas-based US BTC mining enterprise Blockmetrix has raised $43M 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 grow the business. The firm expects to purchase an additional 5,000 devices for mining.

With Series A funding of $7M, 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 firm has been our principal importance from the very first day. We aim to maintain this momentum and meet industry needs 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.


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