TMGcore builds and operates enterprise-scale cryptocurrency mining infrastructure that uses 3M’s Novec fluorochemical coolant in a two-phase liquid cooling immersion system. The company pairs that cooling with custom ASIC mining boards and dynamically intelligent mining software that switches to the most profitable token in real time. TMGcore says its cooling approach can reduce cooling costs by up to 90% and that its custom ASIC boards yield roughly a 20% increase in token output. The firm is running a 150,000 square foot mine in Plano, Texas capable of a 100 megawatt live power load. Leadership frames the effort as a U.S.-based strategy to decentralize mining and prevent overseas control of various cryptocurrencies. The company has been funded to the tune of $70 million, per the article.

Total raised

$70M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2018