Kore Digital Mining Secures $150K Seed Funding Success
Kore Digital Mining, a Bitcoin mining company based in Edinburgh, Scotland, UK, has recently secured $150K in Seed funding. The company, led by Founder and CEO Derek Nisbet, received this investment in addition to the initial $100K that was raised when the company was established back in May 2023. With these funds, Kore Digital Mining plans to purchase top-of-the-line mining hardware, including 5 x Antminer S21 200 Th/s Miners and 10 x Whatsminer M66S 288 Th/s – Immersion Cooled Miners.
The main goal of Kore Digital Mining is to increase its hash rate and expand its infrastructure capacity through collaboration with global partners.
By improving its technological resources on the Bitcoin network, the company aims to enhance blockchain security and promote decentralization. With the acquisition of the new mining hardware, Kore Digital Mining expects to triple its hash rate to 6 Ph/s, further solidifying its presence in the competitive Bitcoin mining industry.
While the specific backers of this recent funding round have not been disclosed, the team at Kore Digital Mining remains focused on leveraging the latest innovations in mining technology. This strategic approach, combined with their commitment to enhancing the Bitcoin network, positions the company for continued growth and success in the evolving landscape of cryptocurrency mining.
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