Ventures – Coin Network News https://coinnetworknews.com If it's coin, it's news. Tue, 05 Mar 2024 06:17:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 GTA Token Rises to Prominence with Explosive Growth and Innovative Ventures https://coinnetworknews.com/gta-token-rises-to-prominence-with-explosive-growth-and-innovative-ventures/ https://coinnetworknews.com/gta-token-rises-to-prominence-with-explosive-growth-and-innovative-ventures/#respond Tue, 05 Mar 2024 06:17:35 +0000 https://coinnetworknews.com/gta-token-rises-to-prominence-with-explosive-growth-and-innovative-ventures/ PRESS RELEASE. In a remarkable feat of growth, GTA Token has surged an astonishing 200x within the span of just one month since its inception, catapulting it to the TOP-1 spot for several consecutive weeks in the category of best assets on both Arbitrum and SushiSwap. The project’s remarkable journey is vividly illustrated through screenshots […]

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]]> https://coinnetworknews.com/gta-token-rises-to-prominence-with-explosive-growth-and-innovative-ventures/feed/ 0 Core Scientific Completes $55 Million Equity Offering for Bitcoin Mining Ventures – 247 Crypto News https://coinnetworknews.com/core-scientific-completes-55-million-equity-offering-for-bitcoin-mining-ventures-247-crypto-news/ https://coinnetworknews.com/core-scientific-completes-55-million-equity-offering-for-bitcoin-mining-ventures-247-crypto-news/#respond Mon, 08 Jan 2024 21:19:30 +0000 https://coinnetworknews.com/core-scientific-completes-55-million-equity-offering-for-bitcoin-mining-ventures-247-crypto-news/

Core Scientific, a leading blockchain and artificial intelligence hosting provider in North America, has successfully completed a $55 million equity offering. The funds raised will be used to expand its Bitcoin mining operations, further solidifying its position in the rapidly growing cryptocurrency industry.

Understanding Core Scientific’s Role in the Crypto Industry

Core Scientific is a pioneer in the blockchain and AI hosting sector. The company provides custom-engineered solutions for blockchain and AI applications, including high-performance GPU and ASIC servers. Core Scientific’s infrastructure is designed to support large-scale operations, making it an ideal choice for Bitcoin mining ventures.

Details of the $55 Million Equity Offering

The $55 million equity offering was completed with the participation of several institutional investors. The funds raised will be used to expand Core Scientific’s Bitcoin mining operations, which currently span over 300,000 square feet of data center space in the United States. This expansion will allow the company to increase its Bitcoin mining capacity and meet the growing demand for its services.

Impact on the Bitcoin Mining Industry

The successful completion of this equity offering is a significant milestone for Core Scientific and the broader Bitcoin mining industry. It demonstrates the increasing interest of institutional investors in the cryptocurrency sector, particularly in Bitcoin mining. This trend is likely to continue as more investors recognize the potential of Bitcoin and other cryptocurrencies.

  • Increased Mining Capacity: With the additional funds, Core Scientific will be able to increase its mining capacity, allowing it to process more transactions and generate more Bitcoins. This will contribute to the overall security and stability of the Bitcoin network.
  • Job Creation: The expansion of Core Scientific’s operations will also lead to the creation of new jobs, contributing to the economic growth in the regions where its data centers are located.
  • Technological Advancements: The funds will also be used to invest in research and development, leading to technological advancements in the field of Bitcoin mining. This could result in more efficient and cost-effective mining operations.

Future Prospects for Core Scientific

The successful completion of the $55 million equity offering positions Core Scientific for future growth. The company plans to continue expanding its operations and investing in research and development to stay at the forefront of the Bitcoin mining industry. With its robust infrastructure and commitment to innovation, Core Scientific is well-positioned to capitalize on the growing demand for Bitcoin mining services.

Conclusion

The $55 million equity offering completed by Core Scientific is a testament to the growing interest of institutional investors in the Bitcoin mining industry. The funds raised will be used to expand the company’s operations, increase its mining capacity, and invest in research and development. This will not only contribute to the overall security and stability of the Bitcoin network but also lead to job creation and technological advancements in the field of Bitcoin mining. With its strong infrastructure and commitment to innovation, Core Scientific is poised to play a significant role in the future of the Bitcoin mining industry.

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]]> https://coinnetworknews.com/core-scientific-completes-55-million-equity-offering-for-bitcoin-mining-ventures-247-crypto-news/feed/ 0 Alchemy Ventures Backs $4M Seed Round for NFT Platform Vibe https://coinnetworknews.com/alchemy-ventures-backs-4m-seed-round-for-nft-platform-vibe/ https://coinnetworknews.com/alchemy-ventures-backs-4m-seed-round-for-nft-platform-vibe/#respond Sat, 06 May 2023 13:53:31 +0000 https://coinnetworknews.com/alchemy-ventures-backs-4m-seed-round-for-nft-platform-vibe/

“Real value for NFTs will come from the dynamism and programmability where creators can add unique features to their collections. Until now, they haven’t had a comprehensive tool to curate and customize their collections,” said Vibe founder and CEO Rachel Chu in a statement. “Our goal is to simplify the entire process, and we are confident in our mission of taking NFTs from pictures to products.”

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]]> https://coinnetworknews.com/alchemy-ventures-backs-4m-seed-round-for-nft-platform-vibe/feed/ 0 ZkLink Raises $10M From Backers Including Coinbase Ventures https://coinnetworknews.com/zklink-raises-10m-from-backers-including-coinbase-ventures/ https://coinnetworknews.com/zklink-raises-10m-from-backers-including-coinbase-ventures/#respond Thu, 04 May 2023 14:34:47 +0000 https://coinnetworknews.com/zklink-raises-10m-from-backers-including-coinbase-ventures/

“zkLink plays a crucial role in shaping the future of the crypto landscape by leveraging the potential of ZK technology,” co-founder Vince Yang said in an email to CoinDesk. “For newcomers to the field, envision a scenario where DeFi trading delivers comparable user experience, efficiency, and speed as centralized exchanges, but also provides the advantages of being trustless and non-custodial.”

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]]> https://coinnetworknews.com/zklink-raises-10m-from-backers-including-coinbase-ventures/feed/ 0 DeFi Protocol DFlow Raises $5.5M From Framework Ventures, Coinbase Ventures, Others. https://coinnetworknews.com/defi-protocol-dflow-raises-5-5m-from-framework-ventures-coinbase-ventures-others/ https://coinnetworknews.com/defi-protocol-dflow-raises-5-5m-from-framework-ventures-coinbase-ventures-others/#respond Tue, 25 Apr 2023 13:33:22 +0000 https://coinnetworknews.com/defi-protocol-dflow-raises-5-5m-from-framework-ventures-coinbase-ventures-others/

“If you look at equities markets, retail investors don’t trade directly on the NYSE, they trade on Robinhood against market makers, who may hedge on NYSE,” said DFlow founder and CEO Nitesh Nath, who previously worked as a quant researcher at the Chicago-based trading giant DRW. “We’re improving that system in crypto, but the high level ideas are similar.”

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]]> https://coinnetworknews.com/defi-protocol-dflow-raises-5-5m-from-framework-ventures-coinbase-ventures-others/feed/ 0 Coinbase Ventures Joins Liquid Staking Protocol Rocket Pool’s Oracle DAO https://coinnetworknews.com/coinbase-ventures-joins-liquid-staking-protocol-rocket-pools-oracle-dao/ https://coinnetworknews.com/coinbase-ventures-joins-liquid-staking-protocol-rocket-pools-oracle-dao/#respond Tue, 04 Apr 2023 01:19:22 +0000 https://coinnetworknews.com/coinbase-ventures-joins-liquid-staking-protocol-rocket-pools-oracle-dao/

As such, Coinbase Ventures will receive a share of the 15% of the total RPL inflation produced at each rewards period dedicated to Rocket Pool’s Oracle DAO. RPL, the native token for the Rocket Pool ecosystem that provides direct incentives, insurance and governance for protocol according to a blog post, has traded flat in April, ranging between $43 and $44, per CoinGecko. Additionally, rETH, Rocket Pool’s staking derivative, has a premium against ETH: On Uniswap, 1 rETH swaps for 1.07295 ETH at press time.

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]]> https://coinnetworknews.com/coinbase-ventures-joins-liquid-staking-protocol-rocket-pools-oracle-dao/feed/ 0 Investment DAO Hydra Ventures Raises $10M to Fund Other DAOs https://coinnetworknews.com/investment-dao-hydra-ventures-raises-10m-to-fund-other-daos/ https://coinnetworknews.com/investment-dao-hydra-ventures-raises-10m-to-fund-other-daos/#respond Wed, 29 Mar 2023 13:14:27 +0000 https://coinnetworknews.com/investment-dao-hydra-ventures-raises-10m-to-fund-other-daos/
Web3 investors such as 1kx, ConsenSys, Collab+Currency, Wicklow Capital and Seed Club were among firms joining the investment round.

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]]> https://coinnetworknews.com/investment-dao-hydra-ventures-raises-10m-to-fund-other-daos/feed/ 0 VitaDAO Closes $4.1M Funding Round With Pfizer Ventures for Longevity Research https://coinnetworknews.com/vitadao-closes-4-1m-funding-round-with-pfizer-ventures-for-longevity-research/ https://coinnetworknews.com/vitadao-closes-4-1m-funding-round-with-pfizer-ventures-for-longevity-research/#respond Tue, 31 Jan 2023 05:13:56 +0000 https://coinnetworknews.com/vitadao-closes-4-1m-funding-round-with-pfizer-ventures-for-longevity-research/

VitaDAO was started in 2021 by Tyler Golato of decentralized biotech protocol Molecule to fund longevity research. According to the organization, it boasts a community of over 9,000 “enthusiasts, researchers and contributors,” and deployed over $3.5 million to projects researching diseases of aging, cellular biology and repairing age-related damage to the body in 2022.

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