VC Arm of Exante Invests $10m in Cryptocurrency Miner/Heater

Exantech, a recently launched VC fund by Malta-based EXANTE, announced its maiden investment of $10 million in Comino, a plug-and-play cryptocurrency miner that doubles as a space heater.

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Comino is a silent residential GPU-based miner with liquid cooling, designed to automatically select the most profitable cryptocurrency to mine at any time but also allow remote management.

Anatoly Knyazev, СEO of Exantech, said: “We have a very bright view of the mining-market. We expect this sector to grow by $5 to $7 billion in the near future. Since 2012 EXANTE has been developing and innovating the cryptocurrency ecosystem so it made sense that the first investment of this fund would be a miner-Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term: Comino.”

Evgeny Vlasov, CEO of Comino, added: “Reliable support and the significant experience of Exantech’s founders allows us to materialize our vision: to provide smart warmth for each household. Money raised in this round will go towards initiating mass production as well as developing new generations of devices and software.”

Exantech

Exantech invests and develops transformative projects in such areas as Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term and artificial intelligence, handpicking fundamental ideas and professional teams. At the heart of the strategy is the vision that within 3-5 years there will be a massive transition to the use of blockchain technology as well as a significant leap in the development of AI.

Knyazev hopes that Exantech will become not only a venture fund but also a cryptocurrency think tank. All portfolio startups will have access to the fund's tech expertise and office space, along with legal, accounting, and mentoring teams.