New Layer Capital is excited to announce our participation in Vespene Energy’s seed round, led by Polychain Capital.
Vespene utilizes waste methane from municipal landfills to mine Bitcoin. Vespene installs extremely efficient modular microturbines to power on-site Bitcoin containerized mining data centers. Infact, the cost of power using this technology is amongst one of the lowest in comparison to any other major Bitcoin miner.
The investment will help Vespene Energy make its solution scalable and highly flexible. Vespene Energy will use the capital for team expansion, to launch a 1.5MW pilot site in California, and to expand its pipeline of projects.
“Our goal is to mitigate a major source of greenhouse gas emissions and help fuel the transition to a renewable energy future by using Bitcoin mining to turn landfill methane streams into revenue streams for our customers,” said Vespene Energy Co-Founder & CEO Adam Wright.
For the full article, see: https://www.yahoo.com/entertainment/vespene-energy-closes-4-3-120000862.html