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Understanding Corporate VC + turning methane into bitcoin w/ Nodal's Daniel Sechrest | E1611
This Week in Startups
Bitcoin Mining
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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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