Skype co-founder Jaan Tallinn has led a $13 million investment in bitcoin mining technology company

New York City: The startup ecosystem is thriving, with new businesses popping up every day. Many of these businesses will fail and disappear within a year or two, but some are building lasting products that need to be funded.

A new Bitcoin mining tech startup has raised $13 million in a seed funding round led by Skype co-founder Jaan Tallinn. The startup is called Fabric Systems and it aims to make Bitcoin mining greener by building “immersion-native” systems.

According to a recent blog post by Skype co-founder Jaan Tallinn, he has led a $13 million investment in Fabric Systems, which is a bitcoin mining technology company that uses liquid cooling to improve efficiency. This is not the first time Tallinn has invested in bitcoin-related technology. In 2014, he was an early investor in BitFury, which is one of the largest Bitcoin mining companies in the world. With this latest investment, Tallinn is hoping to help Fabric Systems scale up its operations and become a leading player in the Bitcoin mining space.

Fabric Systems aims to make Bitcoin mining greener by building “immersion-native” systems.

Bitcoin mining is a big problem for the environment. The process of creating new bitcoins uses as much electricity as 30 million U.S. households, and it produces millions of pounds of waste every year.

Fabric Systems wants to make Bitcoin mining greener by building immersion-native systems that can be used in factories and warehouses without needing to add fans or other cooling mechanisms. The company has raised $13 million in a seed funding round led by Skype co-founder Jaan Tallinn, who also owns the cryptocurrency exchange Coinapult (which was hacked earlier this month).

A new Bitcoin mining tech startup has raised $13 million in a seed funding round led by Skype co-founder Jaan Tallinn.

Fabric Systems is a San Francisco-based startup that aims to use liquid cooling technology to make Bitcoin mining more efficient. The company was founded by a team of former Google engineers, and it has raised $13 million in funding from Tallinn’s firm Jaan Tallinn and other notable investors.

It’s not clear how exactly Fabric Systems will achieve its goal of making Bitcoin mining more efficient, but the company says that its first product will be sold this summer at $1 million per node (a piece of hardware used in Bitcoin mining).

The startup is called Fabric Systems and it aims to make Bitcoin mining greener by building “immersion-native” systems.

Immersion-native refers to a new kind of cooling technology that uses liquid instead of air cooling. This makes it possible for miners to use less energy, which could lower costs for consumers and the environment overall.

The company has raised $13 million in investment funding led by Skye Partners and including investments from Andreessen Horowitz and CoinFund, among others.

New business funding supports making Bitcoin mining greener

Fabric Systems, a startup based in Utah that aims to make Bitcoin mining greener, has raised $13 million in Series A financing from Andreessen Horowitz and Valar Ventures. The company will use the money to develop immersion-native systems for cryptocurrency miners.

Conclusion

Fabric Systems aims to make Bitcoin mining greener by building “immersion-native” systems. The startup is called Fabric Systems and it aims to make Bitcoin mining greener by building “immersion-native” systems.