Cormint, Inc.

About

Cormint Data Systems, Inc. is a Bitcoin mining company based in Fort Stockton, Texas, with additional operations in Houston. Founded in 2018, Cormint focuses on large-scale Bitcoin mining while integrating renewable energy into the power grid. The company is led by CEO Jamie McAvity and employs 18 people. Cormint has successfully raised over $32.84 million in funding, including a $30 million Series A in 2023 and a $29 million Series B in 2024. Cormint operates self-mining facilities, with a flagship site in Fort Stockton aiming for a mining capacity of 2.4 EH/s by late 2024. The company develops proprietary technology, including immersion cooling solutions and power optimization software, to enhance operational efficiency. Cormint partners with renewable energy providers to support grid stability and emphasizes sustainability in its operations. Additionally, it utilizes Bitcoin-backed promissory notes to fund its expansion, showcasing its innovative approach to financing in the cryptocurrency sector.