Giga Watt nabs $22.3m in its ICO

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fintech insurtech wealthtech regtech ai cybertech esg news

Cryptocurrency mining service provider Giga Watt has reportedly nabbed $22.3m in its ICO.

The funds will be used to help with the building of physical mining buildings, which will support the mining centres, according to an article by Finextra. WTT tokens gives the holder rent-free access to Giga Watt’s mining facility for 50 years, the article states.

Giga Watt is a cryptocurrency mining provider, giving customers access to rent their centres to mine, with various payments and plans to choose from.

So far, Giga Watt has built five mining facilities and is now building Giga Pods, which are smaller facilities to help save power and active cooling costs for the mining setup.

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