Lancium, a developer of greener cryptocurrency mining technology, completed a round led by Hanwha Solutions.

Conglomerate Hanwha Group led a $150m funding round for US-based renewable energy software developer Lancium on Tuesday through chemical production subsidiary Hanwha Solutions.

Financial services firm SBI and Novawulf filled out the participants in the round together with undisclosed existing investors.

Founded in 2017, Lancium provides software that regulates the flow of intermittent renewable energy into and around the power grid. It is also building data centres facilities, called Clean Campuses, which will function in part to mine Bitcoin using…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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