- Satoshi Energy Company has raised 60 bitcoin in its most modern seed spherical.
- The firm seeks to vitality bitcoin with renewable vitality by connecting data products and providers with BTC miners.
Satoshi Energy Company has raised 60 BTC, price about $2 million on the time of writing, in a seed spherical led by Stillmark and its founding associate Alyse Killeen.
“The seed funding is a first-rate milestone for our firm as we develop a market leading approach for bitcoin miners to get low-label renewable vitality and rework the fashion ahead for vitality finance,” Satoshi Energy said in a press originate sent to Bitcoin Magazine. “We admire the right kind make stronger from each and every our new and earlier investors who carry a wealth of knowledge from the bitcoin and vitality industries.”
The firm’s commercial model revolves around the impartial to give a decide to the efficiency of renewable vitality products and providers by connecting them with bitcoin miners.
“Sometime, we envision every kilowatt hour dropped at an vitality particular person will doubtless be paid for instantaneously in bitcoin to the vitality producer,” Satoshi Energy said.
Potter Ventures, Plassa Capital, Digital Garage Labs, See VC, Ten31, Hivemind VC, Opinion B Ventures, HCM Capital, and other early-stage investors also participated within the spherical.
Satoshi Energy said it became based mostly in 2019 below the postulate that 24/7 vitality markets will web pleasure from 24/7 monetary settlement enabled by the Bitcoin community. The firm became constructed thru over one decade of experience of CEO Andrew Myers and COO Brock Petersen within the vitality technology commercial, building a market approach for bitcoin miners to get low-label renewable vitality.
“We sincerely admire our prospects within the vitality and bitcoin mining industries who work with closing professionalism,” Satoshi Energy said. “Thank you to Satoshi Nakamoto for the out of the ordinary implementation of vitality backed money and the industrial giants Thomas Edison and Henry Ford for their inspirational strive at vitality backed money more than a century within the past.”
