TORONTO–(BUSINESS WIRE)–ePIC Blockchain Applied sciences Inc.(“ePIC”), North America’s sole Blockchain semiconductor design and mining rig vendor, introduced right this moment the completion of its Collection A funding spherical for USD 7.5 million. Fort Capital Companions suggested ePIC within the analysis and construction of the providing.
“2021 will probably be a stellar yr for ePIC,” mentioned Henry Quan, Chief Advertising and marketing Officer of ePIC. “With a powerful order e book and a surging cryptocurrency market, ePIC is poised to grow to be a serious provider of mining rigs worldwide. By the tip of this yr, ePIC may have a portfolio of three mining rigs, addressing a market potential exceeding $1 billion of mining rewards.”
Funding Prototype Value of ePIC’s third Blockchain Mining Rig
The proceeds from this elevate, together with early buyer orders, will probably be used to fund the prototyping and pre-production prices of ePIC’s third mining rig. Code-named “Amnesia”, this ASIC has been in growth since early 2020 and is predicted to launch in This autumn 2021.
Along with its SC200 rig for Siacoin and Amnesia, ePICs goals to be in manufacturing with 1 different Altcoin mining rig in Q3 2021.
Diversifying International Cryptocurrency Hashrate
With over $1 billion raised by publicly listed miners over the last 6 months, plans have been introduced for an combination of 720MW of energy capability for North American datacenter and mining operations. The expansion in energy capability and the emergence of native gear distributors like ePIC marks a serious milestone in the direction of the decentralization of world hashrate manufacturing. North America is poised to grow to be a number one supplier of cryptocurrency mining hashrate.
Peter Wall, CEO of LSE listed Argo Blockchain mentioned: “Over the following 18 months, Argo Blockchain will probably be constructing out 200MW of mining capability at our new facility in West Texas. With the precedence provide settlement we now have signed with ePIC, their machines will probably be an enormous a part of our mining operations there. Argo is worked up about working with ePIC – they’re really one of many business’s preeminent ASIC design corporations.”
Statements of Assist:
Nick Hansen, CEO, Luxor Applied sciences
“ePIC have been pioneers within the house, reaching what some have considered unimaginable. Their first-generation Siacoin miners are best-in-class and I am excited to see what else they’ve in retailer. With the triumvirate of Luxor’s mining swimming pools, Argo’s infrastructure and ePIC’s mining machines, the North American mining panorama has by no means regarded higher. I look ahead to standing beside them by their journey.”
Jonathan Hess, Managing Director, Fort Capital
“The overwhelmingly constructive response from establishments and monetary advisors reinforces the market curiosity within the infrastructure or “picks ‘n shovels” position that ePIC gives throughout the cryptocurrency ecosystem. Given the group’s sturdy monitor report constructing successful expertise whereas at ATI and AMD, Fort Capital is watching to see ePIC grow to be a frontrunner within the digital asset infrastructure market.”
About ePIC Blockchain
ePIC Blockchain is North America’s solely Cryptocurrency ASIC and Mining Rig provider. ePIC’s engineering group has developed semiconductor expertise for a lot of fashionable merchandise over the previous decade together with 10 generations of AMD GPUs and 6 generations of GPU IP for recreation consoles together with the Ps 4 and 5.
ePIC makes superior merchandise for Altcoin mining. ePIC is at the moment transport Mining Rig for Siacoin and has 2 ASIC Mining Rigs slated for launch throughout 2021. For extra info, please go to www.epicblockchain.io
About Fort Capital
With places of work in Toronto, Vancouver, and Calgary, Fort Capital Companions (“FCP”) is certainly one of Canada’s largest boutique funding banking corporations. FCP has suggested ePIC on capital formation exceeding $15M USD in 2021. For extra info, please go to www.fortcapital.ca