Kore Digital Mining raises £120k in seed follow on funding to expand hardware operations
Existing seed investors provided the capital to purchase advanced mining hardware.
Kore Digital Mining is a United Kingdom based Bitcoin mining company focused on expanding its hashrate and infrastructure capacity. The firm provides technological resources to the Bitcoin network to support blockchain security and decentralisation.
Edinburgh based Bitcoin mining company Kore Digital Mining has secured £120k in a seed follow on investment from existing backers. The capital injection builds on an initial $100k raised upon the firm's creation in May 2023.
The proceeds will be directed towards purchasing new mining hardware, including Antminer S21 and Whatsminer immersion cooled miners. This equipment is intended to triple the company hash rate to 6 Ph/s following the recent Bitcoin halving cycle.
From the founder
"We are thrilled to receive this additional seed capital from our loyal investors and this will enable us to grow our mining operations substantially, over the next few months."
Derek Nisbet
Founder & CEO at Kore Digital Mining
Use of funds
- 01Scale operations
- 02Build out infrastructure
Categories
About the company
Kore Digital Mining
Kore Digital Mining operates as a Bitcoin mining enterprise focused on network security and hash rate expansion.