The company improves the performance of renewable energy facilities with bitcoin miners.
Satoshi Energy Corporation has raised 60 bitcoin in its latest seed round.The company seeks to power bitcoin with renewable energy by connecting data centers with BTC miners.
Satoshi Energy Corporation has raised 60 BTC, worth about $2 million at the time of writing, in a seed round led by Stillmark and its founding partner Alyse Killeen.
“The seed funding is a significant milestone for our company as we build a market leading strategy for bitcoin miners to procure low cost renewable power and transform the future of energy finance,” Satoshi Energy said in a statement sent to Bitcoin Magazine. “We appreciate the strong support from both our new and earlier investors who bring a wealth of knowledge from the bitcoin and energy industries.”
The company’s business model revolves around the aim to improve the performance of renewable energy facilities by connecting them with bitcoin miners.
“In the future, we envision every kilowatt hour delivered to an energy consumer will be paid for instantaneously in bitcoin to the energy producer,” Satoshi Energy said.
Potter Ventures, Plassa Capital, Digital Garage Labs, Peer VC, Ten31, Hivemind VC, Plan B Ventures, HCM Capital, and other early-stage investors also participated in the round.
Satoshi Energy said it was founded in 2019 under the idea that 24/7 power markets will benefit from 24/7 financial settlement enabled by the Bitcoin network. The company was built through over one decade of expertise of CEO Andrew Myers and COO Brock Petersen in the energy technology industry, building a market strategy for bitcoin miners to procure low-cost renewable energy.
“We sincerely appreciate our customers in the energy and bitcoin mining industries who work with ultimate professionalism,” Satoshi Energy said. “Thank you to Satoshi Nakamoto for the brilliant implementation of energy backed money and the industrial giants Thomas Edison and Henry Ford for their inspirational attempt at energy backed money more than a century ago.”
The company improves the performance of renewable energy facilities with bitcoin miners.
Satoshi Energy Corporation has raised 60 bitcoin in its latest seed round.The company seeks to power bitcoin with renewable energy by connecting data centers with BTC miners.
Satoshi Energy Corporation has raised 60 BTC, worth about $2 million at the time of writing, in a seed round led by Stillmark and its founding partner Alyse Killeen.
“The seed funding is a significant milestone for our company as we build a market leading strategy for bitcoin miners to procure low cost renewable power and transform the future of energy finance,” Satoshi Energy said in a statement sent to Bitcoin Magazine. “We appreciate the strong support from both our new and earlier investors who bring a wealth of knowledge from the bitcoin and energy industries.”
The company’s business model revolves around the aim to improve the performance of renewable energy facilities by connecting them with bitcoin miners.
“In the future, we envision every kilowatt hour delivered to an energy consumer will be paid for instantaneously in bitcoin to the energy producer,” Satoshi Energy said.
Potter Ventures, Plassa Capital, Digital Garage Labs, Peer VC, Ten31, Hivemind VC, Plan B Ventures, HCM Capital, and other early-stage investors also participated in the round.
Satoshi Energy said it was founded in 2019 under the idea that 24/7 power markets will benefit from 24/7 financial settlement enabled by the Bitcoin network. The company was built through over one decade of expertise of CEO Andrew Myers and COO Brock Petersen in the energy technology industry, building a market strategy for bitcoin miners to procure low-cost renewable energy.
“We sincerely appreciate our customers in the energy and bitcoin mining industries who work with ultimate professionalism,” Satoshi Energy said. “Thank you to Satoshi Nakamoto for the brilliant implementation of energy backed money and the industrial giants Thomas Edison and Henry Ford for their inspirational attempt at energy backed money more than a century ago.”
Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides
Larry Dean Harmon of Ohio was officially sentenced Friday for running the darknet crypto mixer…
Crypto analyst CryptoCon recently alluded to a Bitcoin ‘Golden Multiplier Ratio,’ which he suggested paints…
Bitcoin recorded another remarkable price performance in the past week, gaining by 19.16% according to…
Bitcoin is on the move again, surging toward its previous high of $93,257 with renewed…
The Bitcoin price continued its red-hot form over the past week, printing successive all-time highs…
According to the latest on-chain data, the Bitcoin Network Value to Transactions (NVT) Golden Cross…