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2019-10-15 13:07:26

Big investors are pouring $50M into a bitcoin mining startup, and they’re hoping its own mining chips and Texas energy will make it a new powerhouse

A Digital Currency Group (DCG)-backed investment fund is making a pivot into the bitcoin mining business, and venture capitalists including Peter Thiel are committing $50 million to the newish venture that they deem worth $200 million. The post Big investors are pouring $50M into a bitcoin mining startup, and they’re hoping its own mining chips and Texas energy will make it a new powerhouse appeared first on The Block.