Crypto mining device maker Coinmine gets $2.5 million from new investors

Coinmine is also backed by Coinbase Ventures, Social Leverage, Wonder VC, Arrington Capital and angel investors including Balaji Srinivasan, Brian Norgard, Anthony Pompliano, Ryan Hoover, Josh Jones, Penelope Linge, and Tom McInerney.


Coinmine, creators of an all-in-one crypto hardware device, today announced a new $2.5 million seed round, the funding was led by M13 with participation from Gumi Crypto, Republic Labs, Canaan Labs, and Shervin Pishevat.

The Coinmine machine allows users to mine cryptocurrencies which are then immediately stored in a native digital wallet app.

The Coinmine team said it would soon be expanding cryptocurrencies supported, and adding staking services. The company will also be shipping more over-the-air updates on the MineOS operating system with improvements for hash power and energy efficiency.


Coinmine’s operating system, MineOS, makes it possible to run different types of networks on one device, including Ethereum, Ethereum Classic, Monero, and Zcash. With automatic updates, MineOS has also enabled access to new crypto networks like Bitcoin Lightning, Grin, Dfinity, and Filecoin.

With its over-the-air updates, in the last months, MineOS has:

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