Digital Finance Group invests $250k to partner with Titan Mining
By Leandra Monteiro
Digital Finance Group (DFG), a global blockchain and cryptocurrency investment firm, announces a $250K private investment in and strategic partnership with Titan Mining, a next-generation Bitcoin mining pool. The partnership will enable Titan Mining to utilise DFG’s vast resources, utilising its connection for network effects and accelerated growth of the project.
The comparison between crypto mining and the Goldrush has been made by many, and it is mostly on point. But with Bitcoin halving every four years and increased competition in the mining space, scaling one’s operations is far from the equivalent to simply buying a new wheelbarrow. Twelve years ago, you could mine a Bitcoin with a setup in your living room. Now you need the equivalent of 9 years supply of electricity for an entire household. Miners need to use any and all resources available to them to gain a small leg up and maintain profitability.
As a result of the strategic partnership, DFG’s will utilise Titan Mining’s know-how in servicing an industry highly dependent on crypto mining, arming the company with a broader reach into the mining community. For its part, Titan Mining will be allowed to make full use of DFG’s strong presence and expertise in the crypto space, collaborating with the company’s portfolio of companies, improving awareness, connecting to new potential mining clients, and gaining access to a strong pipeline for industry talent.
Currently, Titan Mining serves as a much-needed step in the right direction towards the growth and decentralization of crypto mining. The company’s plan going forward is two-pronged. First, Titan Mining has the world’s first enterprise-grade mining pool that allows Bitcoin miners to increase their efficiency and scalability at a flat, low cost. Second, their Lumerin Protocol supports a Hashpower Marketplace driven by Smart Contracts. The partnership with DFG represents a significant step towards the goal of becoming the industry standard when it comes to decentralizing hashpower.
“Digital Finance Group focuses on working with the most important teams and service providers,” said James Wo, founder, and CEO of Digital Finance Group. “Titan Mining makes for the perfect partner to work with, being a company providing such a basic yet important service to an industry that is highly dependent on crypto mining.”
“The support of Digital Finance Group is extremely important to us,” said Ryan Condron, CEO of Titan Mining. “It gives us a network and deep institutional know-how that will help us build our business, benefiting not only us, but the entire industry.”