LendInvest chair Faes to set up crypto mining operation in Texas (via RyanJamesWeeks)
Christian Faes, who ran London-based fintech firm LendInvest for over a decade, has corralled tens of millions of dollars for a new crypto mining venture.
He already has machines up and running at colocation data centres in Pennsylvania and Tennessee, but declined to disclose the size of the operation in terms of energy output or crypto mined. “There’s a lot of investor interest in this, I’m definitely holding back capital at this stage,” says Faes.Faes set up property lending platform LendInvest in 2008 and ran it as CEO until January 2020, when he took the role of executive chair. In July of last year, the companyon AIM, a sub-market of the London Stock Exchange, at a valuation of £255.6 million. It has lent more than £4 billion to property developers and landlords in the United Kingdom, according to its website.
Building out what he calls a pilot version of the business has not been straightforward, however. Competition for the latest mining machines and for rack space within colocation sites is high. “There’s a lot of shysters in the sector,” says Faes.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Total Crypto Ban Called for by Russian Central Bank: Here’s Potential Reason for ItBank of Russia wants to declare all crypto-related activities, including mining, illegal
Weiterlesen »
EU securities regulator calls for proof-of-work crypto mining banBitcoin mining was deemed a national issue by the vice-chair of the European Securities and Markets Authority and warned that crypto could pose a risk to climate change goals.
Weiterlesen »
Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining – Regulation Bitcoin NewsThe Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining.
Weiterlesen »
Russia's central bank calls for blanket crypto banThe Bank of Russia wants the government to ban crypto in its entirety, including trading, investments, and mining activities.
Weiterlesen »
No fireworks at House's Bitcoin mining hearing, but pending climate bills could home in on cryptoCongress and crypto meet again, this time over Bitcoin mining's energy use, as new climate legislation is in the pipeline.
Weiterlesen »