Titan raises $250,000 to expand its Bitcoin mining pool
- Titan Mining received a private equity investment of $250,000 from Digital Finance Group.
- Titan operates bitcoin mining pools on different continents around the world, while DFG invests in bitcoin and cryptocurrency companies.
- The investment gives Titan Mining a broader reach in the industry with DFG’s portfolio of partners.
Titan Mining, a next-generation bitcoin mining pool using software to bridge efficiency and transparency, has raised $250,000 in a private equity and strategic initiative from the global crypto-investment firm. currency Digital Finance Group (DFG), according to a press release sent to Bitcoin Magazine.
“The support of Digital Finance Group is extremely important to us, it gives us a network and deep institutional know-how that will help us grow our business, benefiting not only us but the whole industry”, said Titan Mining CEO Ryan Condron. Release.
Access to DFG’s portfolio of companies is a boon to Titan Mining as it enables a growing customer base and greater potential for growth in pipeline development in the industry. On the other hand, Titan’s technical and industrial know-how will allow DFG to expand its reach by communicating with investors interested in bitcoin mining.
“DFG is focused on working with the most important teams and service providers,” James Wo, Founder and CEO of DFG, said in the release. “Titan Mining is the perfect partner to work with, being a company providing such a basic yet important service to an industry that is heavily dependent on cryptocurrency mining.”
Titan Mining’s enterprise-grade mining pool, the first of its kind, allows Bitcoin miners to increase efficiency and scalability at a low cost, while its Lumerin protocol, which supports a hashpower market driven through smart contract functionality, allows DFG to use its expanding portfolio of partnerships to expand both its technical industry knowledge and customer base.
Titan announced the creation of its North American bitcoin mining pool, Titan Pool, in December 2020, as it sought to help increase the region’s share of total Bitcoin hashrate. Although China was once a central player in the industry, bitcoin mining has become decentralized over the past year to more countries following the outright ban the Asian country imposed. issued on the activity.