Trending...
- 2022 Jeep Grand Wagoneer Available Now in Burlington!
- The City Of Las Vegas Recognizes Delirious Comedy Club Day, Dec. 2, At Downtown Grand Hotel & Casino
- EntrePReneurISHing™ Blog is a hot entrepreneur podcast on Spotify this Thanksgiving Day, Listen!
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
- Balaji Jayaseelan, Vice President of Sustainability at Berlin Packaging, to speak at North America's Largest Cannabis Packaging Conference
- India's FSSAI Grants Novel Food Approval for NEM® brand eggshell membrane
- Grant Thornton enhances benefits to support evolving workforce needs
- Drake Software and National Association of Tax Professionals present second free roundtable discussion in preparation of the 2022 tax season
- Oral Antiseptics Market Size to Reach Revenues of USD 3.06 Billion by 2026 - Arizton
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
- "The Singing Chef" Andy LoRusso Serves Up Good Food & Fun Times Despite Challenges of Little-Known Neurological Disorder
- Groupon Appoints Kedar Deshpande as Chief Executive Officer
- E | N | L is Now Offering Multiple Acrylic Systems!
- Hub International To Provide Tenant Liability Captive To Residential Rental Real Estate Clients To Retain Insurance Premiums And Mitigate Risks
- Nola Blue Records signs The Love Light Orchestra
"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
- NATP recommends taxpayers take certain actions before Dec. 31 to reduce tax liabilities and prepare for 2021 return
- Ignacio Ampuero joins HR tech startup, Pasito, as CTO
- Chicago: Statement from Mayor Lori E. Lightfoot and Commissioner of CDPH Dr. Allison Arwady
- Chicago: Mayor Lightfoot, City Officials Outline Comprehensive Plans For Winter Weather Operations
- StartupSystems.Net: How Technology is Helping Ease the Pain of Rising Inflation In the US
- Axiros Solution Enables Ogi to Manage Multiple Clients Devices and CPE in the Telco/ISP Market
- GE Healthcare Announces Three New Alliances to Improve Cancer Care
- Hightower to Make Strategic Investment in Clear Perspective Advisors
- Holiday Health Discounts Announced by myLAB Box
- Author, Mel Jackson Launches Inspirational Self Care Workbook Just In Time For The Holidays
- RRD Confirms Receipt of Revised Proposal from Chatham Asset Management
- Composites Market worth $126.3 billion by 2026 - Exclusive Report by MarketsandMarkets™
- CCC Intelligent Solutions Holdings Inc. Announces Redemption of Warrants
- Serena Laurel's 'GOLD' Director Allisyn Snyder Glitters Garnering Best Fashion Film at Premiere Ahead of Release
- Quicklly Introduces Laumière Gourmet's Premium Gifts Boxes for Holiday Gifting
- Lactalis Closes Acquisition of Kraft Heinz Natural Cheese Business in United States
- Julie Selof Joins Clearwater Capital Partners
- Sharing the Goodlife Foundation gives to YES DAY
- Food 2.0 Conference Unveils Its Dubai Schedule
- A Young Entrepreneur Gifts NYC Real Estate with a Tech-driven Real-estate Company