Lancium Raises $150M to Run Bitcoin Mining on Clean Energy

Lancium Technologies, a Houston-based tech company, said it had raised $150 million to build a series of bitcoin mines across the Lone Star State that will run on green energy.The company said Tuesday that its so-called clean campuses will host bitcoin mining, high-throughput computing and other energy intensive applications.”This financing allows us to embark on the next high-growth phase of our business, and we are encouraged by the support of a broad range of investors from the energy and cryptocurrency sectors,” Michael McNamara, co-founder and chief executive, said in a statement. CNBC earlier reported on the company.McNamara added that the company has “an ambitious growth strategy with over 2,000 megawatts of capacity in development across our Clean Campuses, and significant capacity expected to come online in the year ahead.”Lancium said in September that it had broken…

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