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INDUSTRY FIRST

Alps Blockchain raised €105M in debt financing led by Azimut to support its global expansion and sustainable mining efforts.

Jul 31, 2024•about 1 year ago

Amount Raised

€105 Million

TrentoMiningBlockchainRenewable EnergyEnergy

Investors

Azimut

Description

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 Information

Company

Alps Blockchain

Location

Trento, Trentino-Alto Adige/Südtirol, Italy

About

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.

Company News

(1 articles)

Mon, 29 Jul 2024 07:00:00 GMT

Azimut strengthens its support for the excellence of the Italian Alps blockchain with a new €105 million club deal - PR Newswire Canada

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