Cloud mining platform TWL Miner completes $95 million Series B financing

ChainCatcher news, according to Globenewswire, the UK cloud mining platform TWL Miner has completed a $95 million Series B financing, which will be used to support the integration of artificial intelligence technology and cloud mining business.

The company stated that this round of financing attracted several professional investment institutions in the blockchain and sustainable technology fields, but did not disclose the specific participating institutions. The new funds will be used to strengthen the construction of a global renewable energy data center network and develop an artificial intelligence mining system to dynamically manage computing resources, predict the best mining timing, reduce energy consumption, and improve block validation success rates and operational stability.

It is reported that currently, TWL Miner operates over 60 data centers powered by wind and solar energy in multiple countries, in line with its sustainable mining strategy. The platform has served over 7 million users in 180 countries and regions worldwide.