Kore Digital Mining Ltd, a U.K.-based Bitcoin mining company, has secured an additional $150,000 in seed funding from existing investors, adding to the initial $100,000 raised at its inception in May 2023.
Derek Nisbet, the Founder & CEO, expressed gratitude for the continued support, highlighting the potential for substantial growth in mining operations with this capital infusion.
The company plans to utilize the funds to acquire cutting-edge mining hardware, including 5 x Antminer S21 200 Th/s Miners and 10 x Whatsminer M66S 288 Th/s – Immersion Cooled Miners. These latest innovations in mining technology are expected to significantly boost Kore’s hash rate, tripling it to 6 Ph/s. This expansion comes strategically timed with the Bitcoin halving cycle and the onset of a new 4-year epoch, positioning Kore Digital Mining for enhanced efficiency and profitability.
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Kore Digital Mining Ltd emphasizes its commitment to increasing infrastructure capacity and hash rate through collaboration with global partners. By providing technological resources on the Bitcoin network, the company aims to contribute to blockchain security and foster decentralization. With a focus on leveraging state-of-the-art equipment and fostering strategic partnerships, Kore Digital Mining is poised to play a significant role in the evolving landscape of cryptocurrency mining.
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