Bitcoin mining company VBit DC raises $ 1.1 million in seed funding round

According to reports from The Block, Bitcoin mining company VBit DC raised US $ 1.1 million in seed round financing, led by angel investment fund Golden Age. VBit said it will use the new funds to establish a 200 MW Bitcoin mining center in Alberta, Canada. VBit DC is a subsidiary of Philadelphia-based VBit Technologies and has provided mining package services since 2018. The company claims to have helped about 3,000 customers earn revenue through mining.