Fort Capital Partners is pleased to announce its role as financial advisor to ePIC Blockchain Technologies (“ePIC” or the “Company”) on its closing of an oversubscribed US$7.5 million Series A financing round.
ePIC Blockchain Technologies has announced the closing of its oversubscribed US$7.5 million Series A financing round.
The proceeds from the raise will be used to fund the prototyping and pre-production costs of ePIC’s third mining rig, “Amnesia”, which is expected to be launched in Q4 2021. In addition, ePICs plans to produce one other Altcoin mining rig in Q3 2021.
North America is poised to become a leading provider of cryptocurrency mining hashrate. Plans for 720MW of power capacity have been announced for North American datacenter and mining operations, on the back of over $1 billion raised by publicly listed miners during the last 6 months.
Henry Quan, ePIC CEO said “2021 will be a stellar year for ePIC. With a strong order book and a surging cryptocurrency market, ePIC is poised to become a major supplier of mining rigs worldwide. By the end of this year, ePIC will have a portfolio of three mining rigs, addressing a market potential exceeding $1 billion of mining rewards.”
Fort Capital acted as financial advisor to ePIC in the evaluation and structure of the offering. The Series A round follows ePIC’s previously announced priority supply and collaboration agreement.