Bitcoin mining infrastructure company Giga Energy is raising $10 million in Series A funding

2023-02-03 09:14:21BlockBeatsShare to:

BlockBeats news, on February 3, according to The Block, Bitcoin mining infrastructure startup Giga Energy is raising $10 million in Series A financing. The company has previously raised $3.6 million through two rounds of financing. Investors include Magic Internet Money and Ten31. Giga Energy was valued at $30 million pre-money in its seed round, sources said. Giga Energy plans to use nearly $6 million of the $10 million targeted financing to build the generator and the rest for other expenses. Giga Energy, a bitcoin mining infrastructure startup focused on using waste natural gas as energy, was founded in 2019 by Matt Lohstroh and his friend and high school classmate Brent Whitehead, with gross revenue of $4.6 million last year.

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