July 29, 2024
Alps Blockchain, a company based in Trento, Italy that focuses on generating computing power for digital mining, has recently announced that it has received an investment of €105M from Azimut.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
---|---|---|---|---|---|
Alps Blockchain | €105M | July 29, 2024 | Investment | Azimut | Mining |
The investment was facilitated through Azimut Direct Investment Alps Blockchain II SCSp, a specialized vehicle based in Luxembourg. This entity invested in a 5-year bond guaranteed by Alps Blockchain, with the provision for early redemption.
Alps Blockchain plans to utilize this funding to bolster its growth and facilitate its expansion on an international scale. The company intends to fortify its current operations and is considering venturing into new markets to further solidify its global standing.
About Alps Blockchain
Established in 2018 under the leadership of Francesco Buffa, Alps Blockchain is a technology firm that specializes in generating computing power for digital mining. Over the past three years, the company has reported a fivefold increase in the number of mining machines installed at its planned global sites, growing from 2,500 to over 15,000.
By designing and operating cutting-edge mining farms, Alps Blockchain strives to merge the capabilities of blockchain and mining with the demands of the energy sector, thereby creating mutual value and promoting joint evolution. Originating from Italy, the company has expanded its operations to countries like Paraguay and Ecuador, where its completed mining farms utilize hydroelectric power.
In its active support for the energy sector, Alps Blockchain not only concentrates on hydropower but also investigates new sources and projects to advance the transition to renewable energy.
Website: https://www.alpsblockchain.com/en
About Investor
Investor: Azimut
Azimut operates as an autonomous conglomerate in the fields of asset management, wealth management, investment banking, and fintech.
The conglomerate encompasses numerous companies that are engaged in the marketing, administration, and distribution of financial and insurance products. These companies are primarily located in Italy, Australia, Brazil, Chile, China (both Hong Kong and Shanghai), Egypt, United Arab Emirates, Ireland, Luxembourg, Mexico, Monaco, Portugal, Singapore, Switzerland, Taiwan, Turkey, and the USA.
Location: Milan, Italy
Website: https://www.azimut-group.com/
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