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Bitcoin Mining Startup Cormint Raises $30M Series A to Build Texas Data Center

Bitcoin mining startup Cormint Data Systems has raised $30 million in a Series A funding round co-led by its president to build a data center with 2.4 exahash/second (EH/s) of computing power in Fort Stockton, Texas.

The round was led by Cormint President Jamie McAvity and semiconductor firm Silicon Laboratories (SLAB) Chairman Nav Sooch, with former SLAB CTO Alessandro Piovoccari also joining.

The funding adds to 400 BTC ($10.8 million) raised in late 2022 through promissory notes. Cormint plans to have the 2.4 EH/s of self-mining computing power up and running by the end of 2024 at the Fort Stockton site.

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