Blockmetrix in the News

Blockmetrix is a crypto-mining company founded last May in Dallas by five North Texas investment leaders and industry experts. Blockmetrix has raised over $50 million in venture funding and $25 million in debt financing, largely to fund additional mining rigs. The team of five has an office in the Rolex building in the Harwood District. The founders said the company is revenue positive and that they are considering the option to take it public

Being in Dallas has been a big selling point for investors because they know that it’s becoming the mining epicenter of the U.S.,” said Nevin Bannister, co-founder and CEO of Dallas crypto mining startup Blockmetrix, which started in July and has already raised $50 million.

“USDC isn’t inherently an investment vehicle,” says Axel Nussbaumer, vice president of digital asset management at Dallas-based crypto mining firm Blockmetrix. “But it does a perfectly fine job of serving its intended purpose—to allow traders to derisk, avoid volatility and transact cheaply and quickly.”

The decision to invest in the nascent crypto sector can be a daunting one. On the one hand, the list of companies accepting payments in cryptocurrencies continues to grow, as does the number of countries that recognize tokens as legal tender. On the other hand, the volatility of cryptocurrencies makes the investment unpredictable and difficult to stomach for some.

Blockmetrix, which focuses on mining bitcoin, raised $20 million in debt financing from BankProv and CrossTower, bringing its total funding to more than $70 million. The company said the money will help it buy more mining equipment and invest in joint ventures.

Bitcoin mining company Blockmetrix announced its partnership with crypto-friendly commercial bank BankProv and crypto exchange CrossTower to supply Blockmetrix with a newly raised USD 20m debt facility to purchase digital asset mining rigs.

Blockmetrix, a US-based Bitcoin mining startup that’s experienced massive growth since its launch in 2021, has secured a $25 million debt facility to expand its operations via the purchase of additional mining rigs. The financing includes a fresh $20 million top-up on an initial $5 million deal agreed between the startup and its partners

Dallas-based bitcoin (BTC) mining startup Blockmetrix has raised $20 million in new debt from crypto-friendly commercial bank BankProv and digital asset exchange CrossTower, the company said in an emailed statement to CoinDesk.

Dallas-based bitcoin (BTC) mining startup Blockmetrix has raised $20 million in new debt from crypto-friendly commercial bank BankProv and digital asset exchange CrossTower, the company said in an emailed statement to CoinDesk.

Blockmetrix, a Dallas-based Bitcoin mining operation, says it has raised $25 million in debt financing to acquire crypto mining computers.
The funding was provided by BankProv, a crypto-friendly commercial bank, and CrossTower. The money is said to be an upgrade from an initial $5 million financing deal in December 2021, rounding out to a total of $25 million.

Dallas-based bitcoin (BTC) mining startup Blockmetrix has raised $20 million in new debt from crypto-friendly commercial bank BankProv and digital asset exchange CrossTower, the company said in an emailed statement to CoinDesk.

Nevin Bannister is the Co-Founder and CEO of Blockmetrix, a fast-growing Dallas-based Bitcoin mining startup. Having founded startups that have sold for over $800 million combined, his ventures chronicle a strong leader excelling in employee development with a consistently innovative approach.

Starting a Bitcoin mining company can be a daunting task. Sourcing hardware, finding cheap and reliable power, and maximizing miner uptime are just some of the issues new startups face. Compass sat down with Blockmetrix co-founder and co-manager David Kiger, a new startup mining company primarily focused on North American mining, to understand the nuances.

Blockmetrix, a startup engaged in Bitcoin mining, and which employs fast and lean crypto mining technology, recently raised $43 million in its Series B funding round amidst the cryptocurrency market mayhem and strategic geopolitical challenges plaguing the industry.

Dallas-based cryptocurrency mining organization – Blockmetrix – disclosed it had raised $43 million in a Series B investment round. Thus, the company’s total venture funding reached $50 million. According to the announcement, the fresh financing included investors from the United States, Australia, and several nations in Asia.

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.

Dallas-based bitcoin (BTC) mining startup Blockmetrix announced a $43 million Series B funding round, bringing total funding to $50 million since June 2021.
The new monies will allow Blockmetrix to secure more than 5,000 mining rigs to be added to 1,000 miners put to work with last year’s $7 million Series A.

Dallas-based bitcoin (BTC) mining startup Blockmetrix announced a $43 million Series B funding round, bringing total funding to $50 million since June 2021.
The new monies will allow Blockmetrix to secure more than 5,000 mining rigs to be added to 1,000 miners put to work with last year’s $7 million Series A.

With $50 million in total funding since launching just last year, Blockmetrix plans to purchase more than 5,000 bitcoin mining rigs, adding to more than 1,000 it currently operates—mostly in Oklahoma. But the startup aims to go beyond mining bitcoin to research and develop crypto revenue sources, loan bitcoin, set up a cryptocurrency exchange, and more.

Bitcoin mining startup Blockmetrix said it has raised USD 43m in Series B equity, bringing the total venture funding to USD 50m. The funding will be used to expand Blockmetrix’s hyper-growth strategy, primarily through securing digital asset mining rigs, they added.