Giga Energy, a bitcoin mining infrastructure startup focused on utilizing wasted natural gas as a power source, is raising $10 million in Series A funding.
The funding will help the Texas-based startup expand its operations in the U.S. and beyond, according to a pitch deck obtained by The Block. Giga Energy has previously raised $3.6 million in total funding, per the deck.
A source with direct knowledge of the matter confirmed that Giga Energy is raising $10 million in Series A funding and has previously raised $3.6 million in two rounds — $1.1 million pre-seed in August 2021 and $2.5 million seed in March 2022. Investors in those rounds included Magic Internet Money and Ten31.
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