Titan Secures Strategic Investment from Coinbase Ventures
Investment from Venture Capital Arm of Leading Cryptocurrency Exchange Underscores Industry Confidence in Professionalizing Bitcoin Mining in North America
CHICAGO — January 14, 2021 — Titan, a leading developer of software and services for advancing Bitcoin mining at scale, today announced that it has received a strategic investment from Coinbase Ventures as part of its current seed fundraising round.
This investment will enable Titan to continue advancing its offerings that allow Bitcoin mining companies achieve efficiency, profitability, and growth.
Investment Continues Titan’s Momentum Going into 2021
Last month, Titan announced that North American mining leaders CoinMint and CoreScientific were among the first to agree to join the Titan Pool — the first enterprise-ready mining pool positioned for the challenges and opportunities that a professionalized cryptocurrency industry presents.
With high-volume tests of the Titan Pool taking place now, the company anticipates launching its closed beta in January 2021.
“The investment from Coinbase Ventures provides valuable support to Titan’s team, roadmap and vision,” said Ryan Condron, co-founder and CEO of Titan. “Mining has advanced from hobby, to industry, to critical global computing infrastructure, and Titan is prepared to help world-class miners meet these challenges.”
Terms of the investment are undisclosed.
Titan is a leading developer of software and services for advancing Bitcoin mining at scale. Built by miners for miners, Titan makes mining easy, profitable, and scalable through advanced mining management software and North America’s first enterprise-grade mining pool. Titan was formed and founded in September 2018 by Ryan Condron, Jeff Garzik and Matthew Roszak. For more information, please visit Titan.io or follow the company on Twitter.