Dallas crypto mining startup founded eight months ago raises $43 million in funding

Natalie Walters

Mar 8, 2022

A crypto mining company founded in Dallas in July has already raised a total of $50 million in funding, benefiting from record levels of cash pouring into the space. Blockmetrix, founded by three North Texas investment leaders, announced the closing of a $43 million funding round on Tuesday.

A crypto mining company founded in Dallas in July has

already raised a total of $50 million in funding, benefiting

from record levels of cash pouring into the space.

Blockmetrix, founded by three North Texas investment

leaders, announced the closing of a $43 million funding

round on Tuesday. The money will be used to secure 5,000

or more mining rigs. Its earlier $7 million funding round

helped it deploy an initial batch of more than 1,000 rigs.