Nodal Power, a mining energy company, has completed a $13 million seed funding round.
2023-08-22 14:04
Odaily News: Nodal Power raises $13 million in seed funding for the construction of renewable energy power plants in landfills. It is reported that Nodal Power aims to reduce methane emissions from landfills by providing electricity to Bitcoin mining data centers.
Nodal Power has stated that a significant portion of the funds has been used for the construction and operation of two power plants within the United States. The first power plant is located in the southeast region of the country and feeds electricity generated from landfill gas into the local utility grid. The second power plant is situated in the western mountainous region and is equipped with an off-grid Bitcoin mining data center powered by landfill gas. Nodal Power plans to allocate additional funds for the development of a third power plant, with completion expected in early 2024. (Bitcoin Magazine)
Nodal Power has stated that a significant portion of the funds has been used for the construction and operation of two power plants within the United States. The first power plant is located in the southeast region of the country and feeds electricity generated from landfill gas into the local utility grid. The second power plant is situated in the western mountainous region and is equipped with an off-grid Bitcoin mining data center powered by landfill gas. Nodal Power plans to allocate additional funds for the development of a third power plant, with completion expected in early 2024. (Bitcoin Magazine)
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