($30M in Series A Funding)

Cormint, inc., a Bitcoin mining startup, raised $30 million in their Series A round. The funding will be used to build a data center with 2.4 exahash/second of computing power in Fort Stockton, TX. The round was co-led by Cormint’s President Jamie McAvity and Silicon Labs chairman, Nav Sooch.

Why we like it: Since May, the price of bitcoin has been steadily recovering. Cormint’s ambitious plans for a high-power data center and its potential role in the resurgence of the Bitcoin mining industry make it a fascinating watch.