Founded in 2013, KnCMiner is a global Technology leader in the Bitcoin space. KnCMiner has an exceptional track record of delivering next generation ASIC chips to the market. Based in Sweden, KnCMiner develops state-of-the-art chip design and cloud services for blockchain-based applications and crypto currency mining. KnCMiner also runs industrial-scale operations in other locations globally with the main focus in the Arctic Circle. For more information, visit the KnC website at www.kncminer.com
Sam Cole, co-founder and CEO of KnCMiner, said: “We have invested more than $70M over the last 12 months into building a world-class bitcoin mining operation and plan to invest a further $150M over the next 18 months as we become one of the key transaction processors within Bitcoin. We are delighted to be partnering with Accel in this next chapter, as we continue building our brand and relationships within the Bitcoin and broader financial communities.”
“The founders Sam and Marcus have managed in a short period of time to build a global leader in the blockchain/bitcoin ecosystem, one of the most dynamic and disruptive areas of the technology landscape. Their ambition, speed of execution and laser focus is bar none. As such, it is our utmost pleasure to act both as advisor and investor in KnCMiner”, commented Per Roman, Managing Partner of GP Bullhound.