Fort Stockton-based Bitcoin miner, Cormint Data Systems, Inc., has raised $30 million in Series A equity funding to expand its self-mining capacity to 2.4 EH by the end of 2024. The funding round was co-led by its President, Jamie McAvity, and Silicon Laboratories, Inc's Chairman Nav Sooch, with participation from existing investors. Alessandro Piovaccari, Silicon Labs' former CTO, also joined the round as an advisor to the company. The capital raised from the Series A round will add to the capital raised through BTC denominated promissory notes issued in late 2022.
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