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Unblock Global - Undisclosed
Overview
Funding Date
December 17, 2023
Financing amount
$15M
Valuation
--
Catagory
About Unblock Global - Undisclosed
Argentina-based Bitcoin miner Unblock Global has recently announced that it has secured $15 million in funding to harness flared gas from Vaca Muerta, the world's second-largest shale gas reserve, for its operations. Participating in this venture are major energy players, including Crusoe Energy, Pampa Energia, and Petrocuyo. These companies contributed to the capital raise managed by Unblock Computos, a branch of Unblock Global. The funding injection aims to enable the production of $200 million worth of oil from Vaca Muerta, significantly reducing emissions in the process.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | United States of America | 2018 | 2 | -- | ||
| Angel Investor | Argentina | 2005 | 1 | -- | ||
| Corporate | Argentina | -- | 1 | -- |
Founders & Team
Tomas Ocampo
Company Profile / Project Introduction
Unblock is an argentina-based Bitcoin miner. Unblock shrinks the gap between the application of climate technology in developed and developing economies. Unblock Global partnered with Crusoe Energy Systems to launch the Digital Flare Mitigation (DFM) technology at Vaca Muerta. It aims to use the natural gas associated with oil production to power advanced computing operations for bitcoin mining.