Australian crypto miner Iris Energy (IREN) secured a 600-megawatt connection for a new Texas crypto mining facility, the company said on Friday.The company said in a filing with the U.S. Securities and Exchange Commission (SEC) that it has executed a binding connection agreement with utility provider AEP Texas.Iris Energy paid $19 million for the security deposit and the … [Read more...] about Iris Energy Secures 600MW Connection for Texas Bitcoin Mine
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Cion Digital secures funds to expand blockchain orchestration platform
Cion Digital, a developer for an enterprise SaaS blockchain orchestration platform, announced on Tuesday that it had closed out its recent seed funding round at $12 million. The round was overseen by Green Visor Capital and 645 Ventures who have since joined Cion Digital’s board of directors. Additionally, Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, … [Read more...] about Cion Digital secures funds to expand blockchain orchestration platform
Mining Infrastructure Firm GRIID Secures $525M Credit From Blockchain.com
Mining infrastructure firm GRIID has secured a $525 million credit facility from the cryptocurrency exchange and wallet provider Blockchain.com.Cincinnati, Ohio-based GRIID said the four-year term credit facility will be used to bring on additional mining capacity, taking advantage of over 1,300 megawatts of available power from existing energy generation partners.In May, … [Read more...] about Mining Infrastructure Firm GRIID Secures $525M Credit From Blockchain.com
Chainlink now secures over $75 billion on supported dApps
Chainlink, the market-leading blockchain oracle solution, has crossed $75 billion in Total Value Secured (TVS). By their nature, blockchains and the smart contracts built atop them are unable to connect with real-world data and systems. Chainlink solves this problem through the use of oracle networks that pull and aggregate data from the real world in order to trigger smart … [Read more...] about Chainlink now secures over $75 billion on supported dApps
Offchain Labs launches Arbitrum One mainnet, secures $120M in funding
Offchain Labs, the team behind the highly anticipated Ethereum layer two platform, Arbitrum One, has completed the public mainnet launch of its optimistic rollups solution.Announced on Aug. 31, Offchain Labs also revealed that it has secured $120 million in a Series B fundraising round. The round was led by Lightspeed Venture Partners and also saw participation from heavyweight … [Read more...] about Offchain Labs launches Arbitrum One mainnet, secures $120M in funding