TORONTO–(BUSINESS WIRE)–ePIC Blockchain Applied sciences Inc.(“ePIC”), North America’s sole Blockchain semiconductor design and mining rig vendor, introduced at this time the completion of its Sequence A funding spherical for USD 7.5 million. Fort Capital Companions suggested ePIC within the analysis and construction of the providing.
“2021 will likely be a stellar yr for ePIC,” stated Henry Quan, Chief Advertising Officer of ePIC. “With a robust order ebook and a surging cryptocurrency market, ePIC is poised to develop into a significant provider of mining rigs worldwide. By the tip of this yr, ePIC could 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 increase, together with early buyer orders, will likely 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 anticipated to launch in This fall 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 World Cryptocurrency Hashrate
With over $1 billion raised by publicly listed miners over the past 6 months, plans have been introduced for an mixture of 720MW of energy capability for North American datacenter and mining operations. The expansion in energy capability and the emergence of native tools distributors like ePIC marks a significant milestone in the direction of the decentralization of world hashrate manufacturing. North America is poised to develop into a number one supplier of cryptocurrency mining hashrate.
Peter Wall, CEO of LSE listed Argo Blockchain stated: “Over the following 18 months, Argo Blockchain will likely 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 likely be an enormous a part of our mining operations there. Argo is worked up about working with ePIC – they’re really one of many trade’s preeminent ASIC design companies.”
Statements of Assist:
Nick Hansen, CEO, Luxor Applied sciences
“ePIC have been pioneers within the area, attaining what some have regarded as inconceivable. 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 sit up for standing beside them by their journey.”
Jonathan Hess, Managing Director, Fort Capital
“The overwhelmingly optimistic response from establishments and monetary advisors reinforces the market curiosity within the infrastructure or “picks ‘n shovels” function that ePIC supplies inside the cryptocurrency ecosystem. Given the staff’s robust observe report constructing successful know-how whereas at ATI and AMD, Fort Capital is watching to see ePIC develop into a pacesetter 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 staff has developed semiconductor know-how for a lot of well-liked 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 presently delivery 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 workplaces in Toronto, Vancouver, and Calgary, Fort Capital Companions (“FCP”) is considered one of Canada’s largest boutique funding banking companies. FCP has suggested ePIC on capital formation exceeding $15M USD in 2021. For extra info, please go to www.fortcapital.ca