SolMining announces $88 million in funding

AMSTERDAM, N.Y. - EntSun -- SolMining has successfully completed a new round of financing of $88 million, led by Sequoia Capital, with participation from Coatue, Kleiner Perkins, OpenAI Startup Fund, GV (formerly Google Ventures), Conviction, Elad Gil, and REV (the venture capital arm of RELX Group).

This round of financing will further accelerate SolMining's strategic global expansion, particularly with the construction of a new green data center in Ethiopia. This project will leverage the abundant hydropower and solar energy resources in Ethiopia to support SolMining's sustainable development goals in cloud mining and high-performance computing. Beyond its African expansion, SolMining plans to continue investing in innovative technology research and development, optimize its infrastructure, expand its service capabilities, and enhance operational efficiency and returns for its global clients.

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For more details, please visit the official website:https://solmining.com

About SolMining

SolMining is a leading global blockchain and high-performance computing technology company dedicated to providing full-stack computing services to global clients, encompassing hardware procurement, equipment delivery, data center construction, and operations. The company focuses on meeting the growing demand for mining and artificial intelligence computing, offering efficient, low-carbon cloud computing solutions to institutional users.

SolMining is headquartered in the UK and has data centers in Kazakhstan, Norway, Russia, and the United States. Furthermore, the company is planning a new green park in Ethiopia, further solidifying its leading position in the global sustainable cloud mining sector.
Media Contact
Email: info@solmining.com
Website: https://solmining.com
Address: W8a Knoll Business Centre, 325-327 Old Shoreham Road, Hove, United Kingdom, BN3 7GS