Solar-Powered Bitcoin Miner Aspen Creek Raises $8M Despite Bear Market

, citing crypto winter, supply-chain issues and trouble dealing with its biggest lender.

“We weren't the only bitcoin mining company that was looking to raise, but our model was different [than others],” DaCosta said. “A lot of the headwinds that we were seeing in the capital markets actually made our investors more interested in our story,” she noted, adding that ACDC’S approach allowed the company to control mining power costs. .

ACDC’s use of renewable energy and ability to sell excess power back to the grid particularly attracted Polychain Capital. “We’re excited to partner with ACDC as they build out more long-term, fixed-cost renewable energy production to enable more predictable Bitcoin mining operations, while providing the flexibility to sell excess power opportunistically into volatile energy markets,” PolychainCapital founder Olaf Carlson-Wee, said.

The mining company didn’t disclose its valuation withthe new raise, but Da Costa said she is happy with the numbers, given the tough funding market. “What mattered to us was being able to raise funds to keep our project pipeline on track,” she said.

Source: News Formal (newsformal.com)

acdc_hq OJACOIN(OJX) is a good project, a great opportunity to increase your profits. I will support and recommend this project to everyone. Good luck to the team. don't miss buy from coinstore exchange. ico crypto ojacoin ojx ojacoin ojx20 nft launchpad crypto

acdc_hq Nice! Been rooting for miners who are going for renewable energy.

acdc_hq OJACOIN runs a large activity in Launched largest area as a financial institution with initial purpose to provide an assistanship to individuals and corporations in raising capital Launchpad platform. ojx ojacoin ojx20 nft launchpad crypto

acdc_hq $CPH

acdc_hq People seem to have forgotten that Bitcoin hit $65k in mid 2021 and went all the way back down to $28k in the summer before coming back above $65k again Y’all follow crypt0gina She’s a super underrated Bitcoiner who have been following her tweets and tip closely Follow her

acdc_hq $Dkwon

acdc_hq bold moves!

acdc_hq If all whales want sell her bitcoin, do it now, !!!! We ready to buy

acdc_hq

acdc_hq So you meaann, 🔥 everyonne's prinntinng free,maakinng free 💰 off 1innch aannd you wonn't menntionn it

nic__carter acdc_hq GalaxyDigital polychaincap Aoyon_A Nic is a wef grifter

acdc_hq GalaxyDigital polychaincap Aoyon_A Excellent! 👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏

nic__carter acdc_hq GalaxyDigital polychaincap Aoyon_A Congrats to the folks at acdc_hq !

acdc_hq GalaxyDigital polychaincap Aoyon_A 👀arcbtc for the repo?

acdc_hq GalaxyDigital polychaincap Aoyon_A 🚀Thankss a millon

acdc_hq GalaxyDigital polychaincap Aoyon_A pleased ! 🔥 I wiish I founnd thiis lonng tiime ago

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How the Galaxy Z Flip 4 fixed my unhealthy phone habits | Digital TrendsThe Samsung Galaxy Z Flip 4's outer display has helped me fight the urge to get lost in the flurry of unwanted notifications and social media posts. Notifications can be set specifically to your liking on all apps.
Source: DigitalTrends - 🏆 95. / 65 Read more »

Leaker claims almost nothing will change with the Samsung Galaxy S23 lineupUsers can expect faster processors and a bump in megapixel count, but little more. For me Samsung has peaked with the S20.
Source: PhoneArena - 🏆 322. / 59 Read more »

Darth Vader's God Form Is How the Galaxy Really Sees HimReturning to Tatooine to investigate Luke, DarthVader made time to massacre a Tusken Raider village, beginning a process that saw him turned into a dark god in their mythology. The raiders even imagine Vader's lightsaber as a star stolen from the sky.
Source: screenrant - 🏆 7. / 94 Read more »

Study: There May Be as Many as Four Evil Civilizations in Our GalaxyIn a strange new paper, one researcher calculates that there are four 'malicious' alien civilizations in the Milky Way alone. Is blaming Elon Musk for this too, or will that be the other 10 Tweets you do today about how he’s a meanie? Us hearing that info I can think of one
Source: futurism - 🏆 85. / 68 Read more »

James Webb Provides Dazzling New Image of Neighboring GalaxyThe James Webb Space Telescope just sent NASA a photo of a far-away neighboring galaxy. Scientific observations begin in July, says AP.
Source: futurism - 🏆 85. / 68 Read more »

Hubble Spies a Spectacular Spiral GalaxyThis spectacular image, by the NASA/ESA Hubble Space Telescope’s Wide Field Camera 3, reveals the stately sweeping spiral arms of the spiral galaxy NGC 5495. NGC 5495, which is located roughly 300 million light-years from Earth in the constellation Hydra, is a Seyfert galaxy, a type of galaxy with a
Source: SciTechDaily1 - 🏆 84. / 68 Read more »