Blockchain solar company Glow completes $30 million in funding

blockchain solar company Glow has completed a $30 million financing round, led by Framework and Union Square Ventures. The CEO and co-founder of Glow stated that Vorick plans to use this funding to expand the company from 5 megawatts of power to 600 megawatts in the next 18 months and expand to new countries. Glow operates a DePIN network consisting of solar power plants in the United States and India. To encourage farms on its network to surpass the "dirty" energy grid, the founder designed an overall economy based on subsidy and token incentive models.

Comments

All Comments

Recommended for you

Cointime精选 ·

WhiteBIT Surpasses 5 Million Users, Strengthening Its Leadership in Europe’s Crypto Market

WhiteBIT has been rapidly expanding its presence beyond Europe.
Cointime精选 ·

Bitcoin traders take a breather as BTC price metrics hint new highs are incoming

Bitcoin fell short of its all-time high, but multiple Bitcoin price metrics show BTC price on target to hit new all-time highs
Cointime精选 ·

MicroStrategy to raise $42B to buy Bitcoin in ‘21/21 plan’

Crypto commentators are “bullish” on MicroStrategy’s plan, predicting it will propel the company ahead of not just other public firms but countries too.
Cointime精选 ·

Another one? Satoshi’s identity to be revealed Oct. 31, claims PR firm

A public relations firm claims Satoshi Nakamoto will reveal their “legal identity” at an upcoming press conference, but spelling gaffes, broken links, and AI-generated press releases have raised eyebrows.
Cointime精选 ·

Bitcoin Production Costs Hit $49,500 as Wall Street Miners Face Margin Squeeze

Overall fees reached $96,100, including depreciation and stock compensation. Miners are responding by diversifying into AI operations and securing strategic power contracts.
Cointime精选 ·

MicroStrategy shares fumble as Q3 earnings fall just short of estimates

MicroStrategy’s stock price dropped after its Q3 earnings missed estimates, while an analyst forecast potential volatility after the US elections.
Cointime精选 ·

Robinhood’s Q3 Crypto Gains Couldn’t Prevent a 12.5% Share Drop: What Happened?Arnab Shome

Crypto trading volume on the platform doubled, while crypto revenue surged by 165 percent. However, net revenue was impacted by a $27 million reduction due to matches paid to customers on transfers and deposits.
Web3 gaming infrastructure Alliance Games completes $5 million Series A funding

Alliance Games, a Web3 gaming infrastructure, has completed a $5 million Series A financing round. The round was led by Animoca Brands and Asymm Ventures, with participation from The Spartan Group, Dialectic, Kyros Ventures, Coin98 Ventures, and investors Loi Luu and Sebastien. Including its previous seed round financing, Alliance Games has raised a total of $8 million.
Cointime精选 ·

FBS Research Examines Cryptocurrency's Impact in Hyperinflated Economies

Individuals, businesses, and governments seek alternatives to maintain financial stability
Cointime精选 ·

Forex and CFD Brokers Pay $30,000+ for Enhanced Client Fund Insurance

Lloyd's of London currently provides additional security to more than 40 retail trading companies. But there's a catch: a $20,000 “retention” clause may leave most retail traders out of the game.