Crypto Miner MineOne Raises Over $20M in First Funding Round

Crypto miner MineOne has raised more than $20 million for its first round of funding since launching the company last month.

The company said it plans to both raise $200 million and expand its global operating capacity to 400 megawatts by the end of 2022.It currently has 80,000 miners, and expects to increase that to 135,000 by the end of next year.The miner has fully operational capacity of 50 megawatts in Russia and Kazakhstan and plans to deliver an additional 30 megawatts in the U.S. by the end of this year, according to the company’s website.MineOne is building up its East Point, Georgia mining site for its U.S. operations and expects about half of its miners there to be operational in Dec. 2021 and the other half in April 2022.The company is also constructing a mining site in Alberta, Canada. It expects the site to go online in December with 20 megawatts of operation capacity, with an additional 70 megawatts by April 2022..

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