Bitcoin mining company 360 Mining completes $2.25 million financing, with participation from Luxor and others

ChainCatcher news, according to The Block, Bitcoin mining company 360 Mining has announced the completion of a new funding round of $2.25 million, with participation from Luxor and BT Growth Capital. The new funds will be used to increase natural gas production and mining capacity.

It is reported that 360 Mining completed a $6 million seed round of financing in October 2021 and currently operates a 2-megawatt site in Texas, expecting to increase by 90 PH/s by the first quarter of 2023. The new funds will enable it to increase natural gas production eightfold. (The Block)