Sustainable Bitcoin Mining
Jun 9, 2023
• 4
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Total funding doubled week over week, rising to $373m compared to $180m raised last week. Most of the funds raised came from one Mining deal, Volcano Energy. The El Salvador-based sustainable Bitcoin mining company secured $1B in commitments and has received its first $250M in funding, with participation from USDT issuer Tether. The government of El Salvador will have a significant role in planning and execution of the project and will receive 23% of the revenues. The deal was the first mining deal announced in three weeks, and the 2nd largest mining deal this year after Core Scientific’s $...