Monday, July 4, 2022
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory
  • Login
  • Register
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
No Result
View All Result

Home > Cloud Computing > VBit Technologies closes a $1.1M funding round

VBit Technologies closes a $1.1M funding round

Vbit announced that the company will use the funding to begin the construction of a 200 MW data center in Alberta, Canada.

Erdem Yasar by Erdem Yasar
May 12, 2020
in Cloud Computing
1 min read
1 0
0
VBit Technologies closes a $1.1M funding round
0
SHARES
33
VIEWS
Share on FacebookShare on TwitterShare on EmailFollow on Google News

Vbit announced that $1.1 million seed funding round was led by angel fund Golden Age. The company also stated that its 200 MW data center will be one of the largest data centers dedicated solely to Bitcoin mining operations. Vbit will be able to offer better mining efficiency and better ROI due to the size of the data center and access to inexpensive electricity.

Mining efficiency and better ROI

Danh Vo, CEO, and Founder of VBit Technologies
Danh Vo, CEO, and Founder of VBit Technologies

Since its launch in 2018, VBit has helped around 3,000 customers, and its user growth has been exponential. Danh Vo, CEO, and Founder of VBit Technologies said,

“We are thrilled to have the support and capital needed to accelerate our growth further. So far, we’ve been proud of how much our customers gained, and now we’re taking this to the next level. I am not only talking about the quantity of the Bitcoin they mined but the feeling of security, a stable stream of passive income which has tremendous value, especially in times like this.”

See more Cloud Computing News


Tags: CryptocurrencyInvestmentVBit
ShareTweetSendShare
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Next Post
Over 100,000 .cloud domain names released

Over 100,000 .cloud domain names released

Related News

IBM announces new mainframe available on Cloud

IBM announces new mainframe available on Cloud

June 30, 2022 3:55 pm
phoenixNAP partners with pliops to deliver accelerated cloud services

phoenixNAP partners with Pliops to deliver accelerated cloud services

June 30, 2022 11:30 am

Scale Computing and Wasabi to create an agile hybrid cloud storage solution

June 28, 2022 12:35 pm
G-Core Labs partners with Graphcore to launch an all-new global cloud AI IaaS

G-Core Labs partners with Graphcore to launch an all-new global cloud AI IaaS

June 22, 2022 5:59 pm
Get free daily newsletters from Cloud7 News Get the Cloud7 Newsletter

Check your inbox or spam folder to confirm your subscription.

By subscribing, you agree to our
Copyright Policy and Privacy Policy

Editor's Choice

Interview with Igor Seletskiy on AlmaLinux

7 best hosting control panels

How to update Linux Kernel without rebooting?

7 best Linux mail servers for 2022

7 best cPanel alternatives for 2022

7 best Linux web browsers for 2022

7 best CentOS alternatives

7 best Linux server distros for 2022

How to scan your server for Log4j (Log4Shell) vulnerability

10 Best Web Hosting Services of 2022

AlmaLinux 8.6 Stable is ready to download

Ubuntu 22.04 LTS is available for download. What is new?

Kali Linux 2022.2 is ready for download

Advertisement

Recent News

  • Weekly round-up: 27 June – 1 July
  • Cloud7 Podcast – Episode 09: AlmaLinux OS
  • Snap app of the week: Sensors Unity
  • Server cabinet types and accessories
  • How to change WordPress password via phpMyAdmin

Our Latest Interview

Interview: Erez Barak, Vice President Observability of Sumo Logic
Interview

Interview: Erez Barak, Vice President Observability of Sumo Logic

by Atalay Kelestemur
November 25, 2021 3:23 am


Cloud7 News is a news source that publishes the latest news, industry news and exclusive interviews on web hosting, cloud computing, data center, cybersecurity and linux.

News Categories

  • Web Hosting
  • Cloud Computing
  • Data Center
  • Cybersecurity
  • Linux
  • Network/Internet
  • Software
  • Hardware
  • Blockchain

Our Free Modules

  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

Get the Cloud7 Newsletter

Get FREE daily newsletters from Cloud7 delivering the latest news and reviews.

  • About
  • Privacy & Policy
  • Copyright Policy
  • Contact

© 2022, Cloud7 News. Latest Cloud Computing, Web Hosting, Data Center Industry and Tech News

No Result
View All Result
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

© 2022, Cloud7 News. Latest Cloud Computing, Web Hosting, Data Center Industry and Tech News

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.