Digital Finance Group (DFG), a global blockchain and crypto investment firm, has announced a $250,000 private investment in Titan Mining.
The strategic partnership with the next generation Bitcoin mining pool will enable DFG to service the growing crypto mining industry, the company told CryptoSlate.
DFG and Titan to provide highly-efficient, highly-decentralized mining
As part of the partnership, DFG will utilize Titan Mining’s know-how to get a better understanding of the crypto mining industry. Titan Mining has been engaged in an effort to grow and decentralize cryptocurrency mining. As an enterprise-grade pool, Titan offers miners a way to increase their efficiency and scalability at a flat, low cost.
To further cement its position in the mining industry, Titan has been developing its proprietary Lumerin Protocol. The protocol supports a hash power marketplace that’s driven by smart contracts, enabling miners to buy and sell computing power to achieve the best mining efficiency.
The partnership with DFG will enable Titan mining to double down on its development efforts and become the industry standard when it comes to decentralizing hash power.
Ryan Condron, the CEO of Titan Mining, said that the support from DFG was extremely important to the company.
“It gives us a network and deep institutional know-how that will help us build our business, benefiting not only us but the entire industry,” he explained.
According to James Wo, the founder and CEO of DFG, the partnership is equally significant to DFG as well. The strategic investment is part of DFG’s effort to work with the industry’s most important teams and service providers, he said.
“It gives us a network and deep institutional know-how that will help us build our business, benefiting not only us but the entire industry.”
Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.
Get an edge on the cryptoasset market
Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.
Join now for $19/month Explore all benefits