April 17, 2024
Kore Digital Mining, based in Edinburgh, Scotland, has successfully secured $150,000 in seed funding. This investment builds on the initial $100,000 raised when the company was founded in May 2023. The latest funding will be directed towards purchasing advanced mining hardware, including 5 Antminer S21 200 Th/s Miners and 10 Whatsminer M66S 288 Th/s Immersion Cooled Miners. These enhancements are expected to triple the company’s hash rate to 6 Ph/s, significantly boosting its mining capacity and operational efficiency.
Project | Latest Raise Date | Latest Raise | Stage | Total Raise | Category |
|---|---|---|---|---|---|
Kore Digital Mining | Apr 17, 2024 | $150K | Seed | $250K | Cryptocurrency |
The specific backers of this recent funding round have not been disclosed. However, Kore Digital Mining's leadership, under Founder and CEO Derek Nisbet, remains focused on utilizing the latest technological advancements to maintain a competitive edge. This strategic approach ensures that the company is well-prepared to navigate the evolving landscape of cryptocurrency mining. The combination of cutting-edge hardware and strategic partnerships positions Kore Digital Mining for significant growth and long-term success in the industry.
About Kore Digital Mining
Kore Digital Mining, headquartered in Edinburgh, Scotland, focuses on Bitcoin mining operations. Founded by Derek Nisbet in May 2023, the company aims to enhance its mining capabilities and infrastructure capacity through strategic global partnerships. By utilizing advanced mining hardware, Kore Digital Mining seeks to improve blockchain security and promote decentralization within the Bitcoin network. The company's mission is to leverage cutting-edge technology to strengthen its position in the competitive Bitcoin mining industry and contribute to the overall stability and efficiency of the Bitcoin network.
Website: https://koredigitalmining.com/
X Account: @KoreMiningUK
X Followers today: 22
About Investor
Investor: Not Disclosed
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