2 years ago
- Titan Mining has received a $250,000 backstage equity concern from Digital Finance Group.
- Titan operates bitcoin mining pools successful antithetic continents astir the world, portion DFG invests successful bitcoin and cryptocurrency companies.
- The concern gives Titan Mining a broader scope successful the manufacture with DFG’s portfolio of partners.
Titan Mining, a next-generation bitcoin mining excavation utilizing bundle to span ratio with transparency, has raised $250,000 successful a backstage concern and strategical inaugural from planetary cryptocurrency concern steadfast Digital Finance Group (DFG), according to a property merchandise sent to Bitcoin Magazine.
“The enactment of Digital Finance Group is highly important to us, it gives america a web and heavy organization know-how that volition assistance america physique our business, benefiting not lone america but the full industry,” Titan Mining CEO Ryan Condron said successful the release.
Access to DFG’s portfolio of companies is simply a boon to Titan Mining arsenic it allows for a increasing lawsuit basal and a larger imaginable for maturation successful processing pipelines successful the industry. On the different hand, Titan’s method and manufacture know-how volition alteration DFG to broaden its scope arsenic it communicates with investors funny successful bitcoin mining.
“DFG focuses connected moving with the astir important teams and work providers,” James Wo, laminitis and CEO of DFG, said successful the release. “Titan Mining makes for the cleanable spouse to enactment with, being a institution providing specified a basal yet important work to an manufacture that is highly babelike connected crypto mining.”
Titan Mining’s enterprise-grade mining pool, the archetypal of its kind, allows Bitcoin miners to summation ratio and scalability astatine a level debased cost, portion its Lumerin Protocol, which supports a hashpower marketplace driven by astute declaration functionality, allows DFG to usage its extended portfolio of partnerships to broaden some its method cognition of the manufacture and lawsuit base.
Titan announced the instauration of its North American bitcoin mining pool, Titan Pool, successful December 2020 arsenic it sought to assistance summation the region’s stock of the full Bitcoin hashrate. Despite erstwhile having China arsenic a halfway subordinate successful the industry, bitcoin mining has implicit the past twelvemonth decentralized to much countries pursuing the outright ban the Asian state issued connected the activity.
English (US) 