Los Angeles based provider of crypto mining hardware and software raised $2.5m in Seed funding led by M13 Ventures.
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Coinmine raises $2.5 million
The company plans to hire engineers with the capital. This team will build new features and expand the option to mine more cryptocurrencies for the hobbyist-level miner. “[T]his latest round of financing will help us accelerate our mission of getting more people to experience how easy it is to earn Bitcoin and other cryptocurrencies,” said CEO Farbood Nivi. Indeed, Nivi said the product is built to be an entryway to crypto.
