Blockmetrix in the News

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The Dallas Morning News

10 North Texas blockchain and crypto companies to watch

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

May 23, 2022

10 North Texas blockchain and crypto companies to watch
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The Dallas Morning News

Here’s why crypto companies are flocking to Texas

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.

May 20, 2022

Here’s why crypto companies are flocking to Texas
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Forbes

How To Buy USD Coin (USDC)

“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.”

May 17, 2022

How To Buy USD Coin (USDC)
Nasdaq

Four Reasons Crypto Is Still an Attractive Investment

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.

May 11, 2022

Four Reasons Crypto Is Still an Attractive Investment
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Dallas Innovates

Follow the Money: Trive Capital Raises Nearly $2B, Securonix Adds Investors to its $1B+ Funding Round...

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.

May 2, 2022

Follow the Money: Trive Capital Raises Nearly $2B, Securonix Adds Investors to its $1B+ Funding Round...
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Markets Insider

Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower

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.

Apr 27, 2022

Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower
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Yahoo Finance

Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower

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.

Apr 27, 2022

Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower
Invezz

Bitcoin mining startup Blockmetrix secures $25M from BankProv and CrossTower

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

Apr 27, 2022

Bitcoin mining startup Blockmetrix secures $25M from BankProv and CrossTower
CoinDesk

Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower

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.

Apr 27, 2022

Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower
Crowdfund Insider

Bitcoin Miner Blockmetrix Raises $25 Million in Debt Capital

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.

Apr 27, 2022

Bitcoin Miner Blockmetrix Raises $25 Million in Debt Capital
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Crypto News

Bitcoin & Gold ETP, Decentralized Autonomous Billions, Bybit's Options + More News

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.

Apr 27, 2022

Bitcoin & Gold ETP, Decentralized Autonomous Billions, Bybit's Options + More News
Authority Magazine

Nevin Bannister of Blockmetrix: Five Things You Need To Know If You Want To Build, Scale and Prepare Your Business For a Lucrative Exit

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.

Apr 20, 2022

Nevin Bannister of Blockmetrix: Five Things You Need To Know If You Want To Build, Scale and Prepare Your Business For a Lucrative Exit
Podcast
Compass Mining

Launching A Bitcoin Mining Company

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.

Mar 29, 2022

Launching A Bitcoin Mining Company
Coin Speaker

Blockmetrix, Dallas-based Bitcoin Mining Startup, Raises $43M

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.

Mar 9, 2022

Blockmetrix, Dallas-based Bitcoin Mining Startup, Raises $43M
Crypto Potato

Bitcoin Mining Company Blockmetrix Closed a $43 Million Funding Round

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.

Mar 9, 2022

Bitcoin Mining Company Blockmetrix Closed a $43 Million Funding Round
The Dallas Morning News

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

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.

Mar 8, 2022

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

Bitcoin Mining Startup Blockmetrix Raises $43M in Series B Round

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.

Mar 8, 2022

Bitcoin Mining Startup Blockmetrix Raises $43M in Series B Round
CoinDesk

Bitcoin Mining Startup Blockmetrix Raises $43M in Series B Round

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.

Mar 8, 2022

Bitcoin Mining Startup Blockmetrix Raises $43M in Series B Round
Built In

Blockmetrix Raises $43M to Add 5,000+ Crypto Mining Rigs to Dallas Facility

As the Texas crypto gold rush continues, due in large part to the state’s lower energy costs, the demand for mining increases. To mine cryptocurrency like bitcoin, you need mining rigs – powerful computers used to validate cryptocurrency transactions on a decentralized ledger. And more rigs are needed to meet this rising demand.

Mar 8, 2022

Blockmetrix Raises $43M to Add 5,000+ Crypto Mining Rigs to Dallas Facility
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Crypto News

New USD 560M Crypto Fund, Binance CEO Eyed Abramovich’s Chelsea, Visa & Mastercard Fees + More News

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.

Mar 8, 2022

New USD 560M Crypto Fund, Binance CEO Eyed Abramovich’s Chelsea, Visa & Mastercard Fees + More News