Alps Blockchain raised €105M in debt financing led by Azimut to support its global expansion and sustainable mining efforts.
Alps Blockchain raised €105M in debt financing led by Azimut to support its global expansion and sustainable mining efforts.
07/31/24, 7:58 AM
Location
trentoMoney raised
€105 million
Industry
mining
blockchain
renewable energy
energy
Investors
Azimut
Alps Blockchain has secured €105 million in debt financing from Azimut to enhance its global reach and operational sustainability. This funding will assist in consolidating existing operations and exploring new market opportunities.
Company Info
Location
trento, trentino-alto adige/südtirol, italy
Additional Info
Alps Blockchain is an Italian company that produces computational power for blockchain and digital mining. Founded in 2018, it focuses on building and operating greener mining farms by reviving historic hydroelectric power plants. The company aims to create more sustainable mining solutions through innovative integrations of traditional energy production with modern technologies. It has significantly expanded its global operations, increasing the number of mining machines installed and the energy capacity produced.