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.
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.
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.
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