Lancium Technologies Receives Investment and Debt Financing from SBI Holdings

launciumLancium Technologies Corp., a Houston, TX- and NYC-based distributed computing and data center technology company, received an equity investment and debt financing from SBI Holdings Inc. of Japan.

The amount of the deal was not disclosed.

The company intends to use the funds to accelerate the development of its rampable data center solution and expand its cryptocurrency mining footprint at its data centers.

Led by Michael McNamara, co-founder and CEO, Lancium operates data centers that directly utilize intermittent energy generated from wind farms to enhance returns for wind asset owners and adjust electricity consumption. This solution supports the development of new renewable energy resources, while providing a cost effective and carbon negative power source for distributed, interruptible computing.



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