Coinbase Invests in New US Crypto Mining Pool Titan
Terms of the investment were not disclosed.
Jan 14, 2021 at 8:33 p.m. UTCUpdated Aug 19, 2021 at 6:38 a.m. UTC
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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.
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- 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.
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