Digital Power Optimization Partners with NYDIG in $2.5M Series A Funding
Digital Power Optimization has announced the closing of a $2.5 million Series A funding round led by bitcoin company NYDIG. Other investors participating in the round include Wakestream Ventures, NBDR Ventures, Luxor Technologies, and private individuals within the renewable energy, cryptocurrency, and bitcoin mining sectors.
DPO and NYDIG's new strategic partnership allows the companies to tailor their complementary products to clients in the utility and renewable power industries. These clients are becoming increasingly aware of the tremendous flexibility bitcoin mining offers to power producers and grid operators in enabling the development of additional renewable generation and maximizing the efficiency of existing assets. Proceeds from this raise will be used to continue growing DPO's team of experts and bring Cryptocurrency Mining as a Service (CMaaS) to the global power and utility industries.