Trending...
- Chicago: Mayor Brandon Johnson Celebrates 10-Year Anniversary Of Dyett High School Hunger Strike
- "Leading From Day One: The Essential Guide for New Supervisors" Draws from 25+ Years of International Management Experience
- Prostate Cancer Survivor's Podcast Grows Audience And Builds Marketing Muscle
Download
CHICAGO--(BUSINESS WIRE)--Titan, an innovator in the bitcoin mining ecosystem, announced today the successful completion of its $6 million private sale round for the Lumerin Protocol. Strategic partners include: Cadenza Ventures, Fundamental Labs, Outlier Ventures, Tribe Capital, Digital Finance Group, Caballeros Capital, and 11-11 DG Partners.
More on illi News
The Lumerin protocol allows Bitcoin hashrate to be a tradable, liquid financial asset, unlocking mining profitability and providing greater access to capital and investments.
Currently, mining pools are driven by cheap electricity, friendly regulations, taxes, and mature infrastructure. The Lumerin protocol supports the mining ecosystem in becoming more decentralized, and therefore more secure. Private sale purchases let cryptocurrency miners participate in global hashpower trading utilizing simple, smart contracts on a peer-to-peer, decentralized, trustless platform, effectively a DEX/DeFi for Bitcoin and POW crypto-hashpower.
In choosing Titan, the priority of these leading strategic partners was to focus and support not only on the overall marketplace potential but an experienced team with a uniquely solid and long-running history of cryptocurrency & mining innovation:
"Titan is proud to have such a vote of confidence from these leaders in the mining community. As a result, we can now move forward with our vision to create a global marketplace for hashpower for Bitcoin & POW mining pools. This will help to relieve the current market pressures and allow anyone to truly harness the power of crypto," said Ryan Condron, CEO of Titan.
"We've seen over the years there has been consistent demand for purchasing hashrate products even if at an unreasonable profitability calculation. Because there is this customer base willing to pay more for the convenience of hassle-free hashrate procurement, this gives an avenue of greater potential profitability to miners.
More on illi News
"Companies, or individuals with a lower risk profile, will be able to buy/sell compute power, providing additional capital for the entire mining industry. And through financial derivatives/futures and services for lending, custody, OTC, and trading, the entire mining ecosystem can achieve higher growth in revenues and capital than ever before."
About Titan
Titan provides powerful software and services for crypto mining at scale and now offers North America's first enterprise-grade mining pool. The Lumerin Protocol is a peer-to-peer platform that enables data stream routing based on smart contract rules. Using the Lumerin Protocol, any asset that is delivered via a TCP/IP connection, can be combined with real-time Oracles to support the asset creator in maximizing buyer access across any number of multiple delivery channels. The Lumerin Protocol will make Bitcoin/POW hashrate a tradable, liquid financial asset, unlocking mining profitability and providing greater access to capital. Titan was founded in September 2018 by Ryan Condron, Jeff Garzik, and Matthew Roszak. For more information, please visit Titan.io or follow the company on Twitter.
Contacts
Lewis Farrell
lewis@titan.io
(650) 485-9912
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
#Hashtags
Social Media Profiles
Contacts
Lewis Farrell
lewis@titan.io
(650) 485-9912
CHICAGO--(BUSINESS WIRE)--Titan, an innovator in the bitcoin mining ecosystem, announced today the successful completion of its $6 million private sale round for the Lumerin Protocol. Strategic partners include: Cadenza Ventures, Fundamental Labs, Outlier Ventures, Tribe Capital, Digital Finance Group, Caballeros Capital, and 11-11 DG Partners.
More on illi News
- Cars.com Names Top EV Picks as Nearly 50% of Shoppers Accelerate Purchases Ahead of Federal EV Tax Credit Expiration Sept. 30 USA - English USA - English
- Open Art Call | The Art of Artificial Intelligence | Copenhagen
- Premieres of 10th Annual NY Dog Film Festival & 8th Annual NY Cat Film Festival on Sunday, October 26, 2025 to Benefit Animal Lighthouse Rescue
- $20 Price Target in Noble Capital Research Report as Deal is Signed for NFL Yearbook Advertising Across 25 Stadiums for AI Powered Sports Leader $SEGG
- 3E Launches First AI Agent Designed to Respond with Empathy for College Recruitment
The Lumerin protocol allows Bitcoin hashrate to be a tradable, liquid financial asset, unlocking mining profitability and providing greater access to capital and investments.
Currently, mining pools are driven by cheap electricity, friendly regulations, taxes, and mature infrastructure. The Lumerin protocol supports the mining ecosystem in becoming more decentralized, and therefore more secure. Private sale purchases let cryptocurrency miners participate in global hashpower trading utilizing simple, smart contracts on a peer-to-peer, decentralized, trustless platform, effectively a DEX/DeFi for Bitcoin and POW crypto-hashpower.
In choosing Titan, the priority of these leading strategic partners was to focus and support not only on the overall marketplace potential but an experienced team with a uniquely solid and long-running history of cryptocurrency & mining innovation:
- Ryan Condron (co-founder and CEO) created the first customizable profit-switching mining pools, PoolWarz.
- Jeff Garzik (co-founder and advisor) created the first Bitcoin mining pool and has extensive, early expertise in Bitcoin.
- Jethro Grassie (Technical Advisor) developed a highly efficient mining pool used by large private mining firms.
"Titan is proud to have such a vote of confidence from these leaders in the mining community. As a result, we can now move forward with our vision to create a global marketplace for hashpower for Bitcoin & POW mining pools. This will help to relieve the current market pressures and allow anyone to truly harness the power of crypto," said Ryan Condron, CEO of Titan.
"We've seen over the years there has been consistent demand for purchasing hashrate products even if at an unreasonable profitability calculation. Because there is this customer base willing to pay more for the convenience of hassle-free hashrate procurement, this gives an avenue of greater potential profitability to miners.
More on illi News
- Security Alert: TZNXG Warns Investors About "Fund Recovery" Scams
- HeartcoR Solutions Expands Suite of Remote Patient Monitoring Devices, Creating a One-Stop Shop for Clinical Trial Partners
- Assent Unveils Extended Producer Responsibility Packaging Solution to Simplify Compliance with Expanding Packaging Laws
- KatalisCoin: "Too Secure" for Bad Actors - Platform Embraces "Excessive Compliance" Criticism
- Keyanb Exchange Implements Enhanced Security Protocols Amid Industry-Wide Trust Challenges
"Companies, or individuals with a lower risk profile, will be able to buy/sell compute power, providing additional capital for the entire mining industry. And through financial derivatives/futures and services for lending, custody, OTC, and trading, the entire mining ecosystem can achieve higher growth in revenues and capital than ever before."
About Titan
Titan provides powerful software and services for crypto mining at scale and now offers North America's first enterprise-grade mining pool. The Lumerin Protocol is a peer-to-peer platform that enables data stream routing based on smart contract rules. Using the Lumerin Protocol, any asset that is delivered via a TCP/IP connection, can be combined with real-time Oracles to support the asset creator in maximizing buyer access across any number of multiple delivery channels. The Lumerin Protocol will make Bitcoin/POW hashrate a tradable, liquid financial asset, unlocking mining profitability and providing greater access to capital. Titan was founded in September 2018 by Ryan Condron, Jeff Garzik, and Matthew Roszak. For more information, please visit Titan.io or follow the company on Twitter.
Contacts
Lewis Farrell
lewis@titan.io
(650) 485-9912
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
#Hashtags
- #bitcoinmining
- #hashrate
- #bitcoin
- #BTC (https://twitter.com/hashtag/BTC?src=hash)
- #crypto (https://twitter.com/hashtag/crypto?src=hash)
- #cryptomining (https://twitter.com/hashtag/cryptomining?src=hash)
- #hashpower (https://twitter.com/hashtag/hashpower?src=hash)
Social Media Profiles
- Titan Mining (https://www.facebook.com/TitanMining.io/)
- Lumerin (https://twitter.com/hellolumerin)
- Titan Mining (https://www.linkedin.com/company/titanmining/)
- Lumerin (https://discord.com/invite/ncBTzhZPP6)
Contacts
Lewis Farrell
lewis@titan.io
(650) 485-9912
Filed Under: Business
0 Comments
Latest on illi News
- Leading Digital Finance Platform YNQTL Launches Revolutionary Web3 Digital Asset Trading Platform
- IDCXS Addresses Crypto Trading Pain Points with 2 Million TPS Processing and Multi-Layer Security Architecture
- Bridging Traditional Finance and Web3 Innovation: BLFCW Announces Strategic Vision for Regulated Web3 Economy
- NKSCX Responds to "Coordinated Smear Campaign" as Anonymous Critics Emerge Following Regulatory Milestones
- Broadway Gala Honored Also an Italian
- $ONI Listed on MEXC as ONINO Powers Europe's Tokenization Engine Into Public Platform Launch
- AZETHIO Crypto Exchange Whitepaper Reveals MPC-Secured Infrastructure Processing 1.2 Million Transactions Per Second
- CELOXFI Platform Demonstrates Advanced Security Architecture and Regulatory Framework
- Work 365 Launches PV 3.0: The Keystone Power App for Microsoft CSPs
- Local consultant shows small businesses how to turn red tape into real money
- CU Aerospace DUPLEX Satellite headed to the ISS on SpaceX NG-23 Mission
- Tour Napa Like a Local: Vines of Napa Valley Wine Passport AKA Vine Pass Unlocks Hidden Gems
- Mather Goes Bold to Challenge Society's Views on Aging
- Dental Surgical Center Accepts Sedation Patients with Medicaid for MD, WV, PA and DC
- MooreSuccess Gaming Launches Digi 995: Color Protocol – A Futuristic Coloring Experience
- A New Era in Healthcare Marketing
- Chicago: Mayor Brandon Johnson Signs 'Right to Protest' Executive Order
- Sloan's Lake Dental Launches New Website to Enhance Patient Experience and Access to Modern Dental Care
- Only 3 Weeks Left till the Start of the OpenSSL Conference 2025
- InventHelp Inventor Develops Portable Sit-On-Scale (CLR-320)