Tech Company Financing Transactions

Cormint Data Systems Funding Round

Private investors participated in a $30 million Series A funding round for Cormint Data Systems. The round was announced on 5/16/2023.

Transaction Overview

Company Name
Cormint Data Systems
Announced On
5/16/2023
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series A
Investors

private investors (Lead Investor) (Jamie McAvity)

private investors (Lead Investor) (Nav Sooch)

private investors (Alessandro Piovaccari)

Proceeds Purpose
The capital from the Series A round adds to the capital raised through BTC denominated promissory notes issued in late 2022 and allows Cormint to expand its footprint at its flagship site in Fort Stockton towards its goal of 2.4 EH of self-mining capacity by the end of 2024.

Company Information

Company Status
Private & Independent
Industry
Blockchain
Mailing Address
34 Janet Terrace
New Hartford, NY 13413
USA
Phone
Undisclosed
Website
www.cormint.com
Email Address
[email protected]
Overview
Operator of a crypto mining platform intended to support reliable and renewable power grids. The company's facilities are built around the principles of operational efficiency, security, and cleanliness, and modules are built to withstand the harshest climates, enabling users to support renewable energy without sacrificing grid stability.
Profile
Cormint Data Systems LinkedIn Company Profile
Social Media
Cormint Data Systems Company Twitter Account
Company News
Cormint Data Systems News
Facebook
Cormint Data Systems on Facebook
YouTube
Cormint Data Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
James McAvity
  James McAvity LinkedIn Profile  James McAvity Twitter Account  James McAvity News  James McAvity on Facebook
Chief Financial Officer
Claire Best
  Claire Best LinkedIn Profile  Claire Best Twitter Account  Claire Best News  Claire Best on Facebook
Chief Operating Officer
Richard Godwin
  Richard Godwin LinkedIn Profile  Richard Godwin Twitter Account  Richard Godwin News  Richard Godwin on Facebook
Co-Founder
Pierre DePeyster
  Pierre DePeyster LinkedIn Profile  Pierre DePeyster Twitter Account  Pierre DePeyster News  Pierre DePeyster on Facebook

 

 

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We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 

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