Partnership Details
Cormint successfully raised $30,000,000 in Series A funding and 400 BTC to scale West Texas Bitcoin mining operations.
Financial Terms
This significant funding round represents a major milestone in Cormint's growth strategy, providing the capital necessary to expand mining capacity and strengthen operational capabilities at the Fort Stockton facility.
Strategic Significance
The Series A funding, combined with the Bitcoin-denominated portion of the raise, demonstrates investor confidence in Cormint's innovative approach to Bitcoin mining and capital structure. This funding will enable the company to continue its pursuit of becoming North America's lowest cost producer of Bitcoin.
For more information, please visit www.cormint.com or contact us.
Contact: [email protected]
Disclaimer: This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any of Cormint's securities.
This press release contains a number of forward-looking statements. Words such as “expect,” “will,” “working,” “plan” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements reflect Cormint’s current views with respect to, among other things, future events. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Cormint’s control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to Cormint’s ability to deliver and execute on its strategic plans; Cormint’s ability to maintain free cash flows and increase its operating margins and other risks related to Bitcoin mining.
For more information, please contact: [email protected]