Cormint, inc.
- 18/05/2023
- Series A
- $30,000,000
Cormint is a Bitcoin Miner whose team has been mining Bitcoin since 2018 at sites in New York and Texas. We are now rapidly scaling our site in Fort Stockton, Texas towards 130MWs, where our capabilities in power, engineering, and financial management will result in the company being amongst the lowest cost producers of Bitcoin in North America.
- Industry Computer Networking Products
- Website https://cormint.com/
- LinkedIn https://www.linkedin.com/company/cormint-inc/
Related People
Jamie McAvityFounder
Jamie began his career as a Commodities trader which led to him building and operating a proprietary CME derivatives trading business focused on energy futures. The business delivered outstanding returns in each year of its operation and did not manage outside capital. Building on his passion for technology, Jamie then served on the management team(’13—18) and BoD(’18-’22) of Knock, Inc, a Saas business providing solutions to the US apartment industry. During this tenure, Jamie:
Led 3 rounds of fundraising totaling $5.6MM
Successfully scaled the organization from 5 employees to over 200
Successfully raised $50,000,000+ in equity and debt
Scaled from pre-product pre-revenue to 2,000,000+ Apartment units under management and $25MM+ in annual recurring revenue
Delivered a 1,340% gain to investors in the investment rounds he led in a 2022 exit