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Understanding Corporate VC + turning methane into bitcoin w/ Nodal's Daniel Sechrest | E1611
This Week in Startups
Bitcoin Mining
It was born out of our site that we developed in El Paso, near El Paso, Texas. We raised just under 13 million in seed round last year. That was mostly a syndicated round. So no lead investor, no nameplate yet, but we are,. Just kicked off two weeks ago our series A. so we're in the process of getting a venture partner in place. Let's do it offline. Yeah. How expensive is this? It started as an opportunity to develop a project that will give us really competitive electricity. And then we started realizing: Why don't we minimize the Bitcoin mining footprint and dispatch as much electricity as possible to the grid?"
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