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Coinbase Invests in New US Crypto Mining Pool Titan
Terms of the investment were not disclosed.
The venture arm of leading U.S. cryptocurrency exchange Coinbase made an investment in mining software and services company Titan as part of its current seed fundraising round.
STORY CONTINUES BELOW
- Titan is currently in a beta testing phase, which is scheduled to end in February, per an email from CMO Phil Gomes.
- Among the clients currently testing the pool are mining giant Core Scientific.
- Titan CEO Ryan Condron called Coinbase's investment a "powerful endorsement" of his new mining pool. The terms of the Coinbase investment were not disclosed.
- Titan is not Coinbase Ventures' first mining investment. In late 2018, the company also backed in-home mining hardware startup Coinmine.
Zack Voell
Zack Voell is a financial writer with extensive experience in cryptocurrency research and technical writing. He has previously worked with leading cryptocurrency data and technology firms, including Messari and Blockstream. His work (and tweets) has appeared in The New York Times, Financial Times, The Independent and more. He owns bitcoin.
