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BitNile Leads Earnity’s $ 15M DeFi Funding Round

by Vaibhav
December 7, 2021
in News
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BitNile Leads Earnity’s $ 15M DeFi Funding Round
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DeFiEarnity platform raised $ 15 million in a Series A funding round. It was led by BitNile mining company, a subsidiary of Ault Global Holdings.

Ault Global Holdings’ Subsidiary BitNile Leads a $ 15 Million Series A Investment in Decentralized Finance Platform | Business Wire. The start of a great relationship with Earnity. Visit https://t.co/UXtKPVa3td https://t.co/CLj4lav0CO $ NILE $ DPW

– BitNile (@BitNile) December 6, 2021

Also participating in the round were ATS-listed Thorney and NGC Ventures.

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BitNile VP of Alternative Investments Christopher Wu joins Earnity’s board of directors. The companies will set up joint ventures to develop NFT and other products.

See also  Bitfarms Receives $100 Million Loan From Galaxy Digital

Behind Earnity is Domenik Karosa, founder of the Banxa Holdings payment system and co-founder of the cryptocurrency-focused investment fund Apollo Capital. A platform aimed at “democratizing access” to digital assets is slated to launch in early 2022.

Earlier, the board of Ault Global Holdings approved a $ 140 million increase in BitNile’s capital. The funds will be used to purchase 16,000 ASIC devices.

In November, the Persistence startup behind the liquid staking solution pSTAKE raised $ 10 million from Three Arrows Capital, Sequoia Capital India, Galaxy Digital and other investors.

See also  Crypto Job Market Holds Up Despite Tech Industry Cuts

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