Nasdaq-listed company Marathon Patent Group is forming a new joint venture with a U.S. power provider that will bring a supply of cheap energy for its bitcoin mining operations.

  • In an announcement Tuesday, Marathon said it’s teamed up with Maryland-based Beowulf Energy for the venture. Beowulf develops and operates power generation and industrial infrastructure facilities internationally.
  • The arrangement will see Marathon co-locate a bitcoin mining facility within Beowulf’s Big Horn Data Hub at its 105-megawatt power station in Hardin, Montana.
  • Beowulf will supply electricity for the mining farm at a production cost of $0.028 per kWh, according to the announcement.
  • That’s 38% below Marathon’s current aggregate power cost for mining and facility operations, $0.034 per kWh.
  • The company says this, in turn, will cut its breakeven costs to mine one bitcoin from approximately $7,500 currently to $4,600.
  • Under the deal, Beowulf is also becoming an equity shareholder in Marathon, while
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a clear blue sky: Aboitiz to venture into small cell business


© STAR/File
Aboitiz to venture into small cell business

MANILA, Philippines — Aboitiz InfraCapital Inc. is venturing into the small cell network business to supplement its common tower venture.

The infrastructure arm of the Aboitiz Group said it is ready to deploy small cell networks in key cities to boost connectivity.

The company is offering its small cell network nationwide to support telecommunication companies and internet service providers (ISPs) with its wireless network capacity and coverage.

“Consistent with our commitment to helping meet the demand for better telecommunication services, we are happy to partner with telcos and other ISPs in accelerating the expansion of their network capacity and coverage throughout the country,” Aboitiz InfraCapital’s small cell business general manager Rafael Aboitiz said.

A small cell network is a series of small low-powered, short-ranged antennas that provide coverage and capacity, meant to work in conjunction with macro cell towers.

Aboitiz InfraCapital

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As venture capitalists (VCs) become increasingly chary of investing in an environment of extreme business uncertainty due to Covid-19, start-ups are making a beeline for venture debt.

Also read: Investments in Indian start-ups plunge 84% in August

Per data sourced from start-up tracker and business intelligence firm Tracxn, 16-18 start-ups including Bounce, ZipLoan, Cuemath, MFine, Stellapps, Blowhorn, LetsTransport, BlackBuck and CredR have raised venture debt since the outbreak of the pandemic from venture debt firms such as BlackSoil, Trifecta Capital, InnoVen Capital, Stride Ventures and Alteria Capital.

Venture debt is a type of debt financing provided to venture capital-backed start-ups along with Series A or after Series A funding but not before Series A. Venture debt deals can start at a couple of crores and go up to over ₹100 crore.

Also read: Home-grown start-ups raise $63 billion in 4 years: Report

Google-backed hyperlocal services start-up Dunzo raised $11 million

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Private equity and venture capital are two ways business owners can shore up cash to run or grow their enterprise. Many business owners think these two funding options are interchangeable, but there are big differences.

 

Editor’s note: Looking for the right loan for your small business? Fill out the below questionnaire to have our vendor partners contact you about your needs.

 

What is the difference between private equity and venture capital?

Private equity and venture capital fall under the broad umbrella of alternative funding, but that’s where the similarities end. These funding methods target businesses at different stages of their life cycle, with owners giving up varying degrees of control.

“Venture capitalists focus on high-growth companies that have the potential to disrupt the industry and are growing at a high rate,” Zsuzsanna Fluck, director of the Center for Venture Capital, Private Equity and Entrepreneurial Finance at Michigan State University, told

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TORONTO, Sept. 29, 2020 /PRNewswire/ – NEW WAVE HOLDINGS CORP. (the “Company” or “New Wave”) (CSE: SPOR) (FWB: 0XM2) (OTC:TRMND) an investment issuer that provides capital and support services, announced it has entered into a  letter of intent to form a joint venture with Joshua Neilly and Branislav Nikolic to form an Ireland based digital marketing company. New Wave will acquire a 50% interest in the operations in this co-venture named N2 Logics Inc (“N2 Logics”) or similar name. N2 Logics is a private company that supports digital marketing and online growth. The technical team are uniquely suited to support online e-commerce platforms to maximize exposure and reach parties interesting in making an online purchase.

New Wave will purchase 10,000,000 shares in N2 Logics by way of a private placement for a purchase price of CDN $150,000. This will give New Wave a 50% ownership in the joint

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In June, Sophia Amoruso stepped down as CEO of Girlboss, the media company she founded after her book (by the same name) sold half a million copies. It was an unexpected move both for the company, which had just been acquired by media investment firm Attention Capital, and for the Girlboss herself.

“We had big plans,” Amoruso told me. “It’s not like I got on Craigslist and sold something. It was: I’m finding a long-term partner to build this with me.” Girlboss had locked in a $10 million brand partnership deal that Amoruso claims would have put the company well over its financial goals for the year. Then the pandemic hit.

Sophia Amoruso [Photo: courtesy of Business Class]

“Our ability to do events vanished overnight,” she says. “Our revenue went to zero. We tried to pivot; we continued pitching brands [but] brands really pulled their dollars for a while. We

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JC ALGO is a Canadian venture capital firm dedicated to raising capital for projects and startups that significantly impact people, society, and the environment in emerging markets.

JC ALGO’s business operations can be better clarified with the hypothetical situation where a startup with a brilliant business idea aims to get its operations up and running. From humble beginnings, the startup proves the worthiness of its model and products, steadily growing thanks to the generosity of friends, family, and the founders’ financial resources. Over time, its customer base grows, business expands, the company rises through its competitors’ ranks to become highly valued, with the possibility of future expansions, new offices, employees, and even an initial public offering (IPO).

If this meteoric rise seems too good to be true; it’s because most times, the startup has raised capital with the help of fundraising firms such as JC ALGO who raises capital on

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Nairobi — When Celestine Masinde boarded the plane back home from the Rio Olympics in 2016, she not only carried home with her the magnificent piece of history of becoming the first Kenyan lady to score an Olympic try, but also brought with her a massive business idea that has come into fruition four years later.

While making rounds at the athletes’ village, the Kenya Lionesses star stumbled upon a drink that would change her business sense and engage her mind into a ‘what if I do this’ situation.

Four years after she picked up the Hibiscus Ginger juice to taste, Masinde has partnered fellow rugby player, Samson Onsomu, the Kenya Simbas skipper, in starting their own in Nairobi.

“There was a West African stand in the athletes’ village and one day we just decided we were tired of the pizzas and what nots and wanted to taste something different.

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Nicole “Snooki” Polizzi and Deena Cortese are best known as “The Meatballs” on Jersey Shore. Now, they’re the “Business Meatballs!” Since Polizzi has decided not to return to Jersey Shore: Family Vacation, she puts all of her energy into her business ventures. That includes The Snooki Shop, her Mawma collection with Buy Buy Baby, and her latest endeavor with Cortese — The Meatball Shop. 

Here’s everything Jersey Shore fans need to know about Polizzi and Cortese’s clothing line.  

Nicole 'Snooki' Polizzi and Deena Cortese
Nicole ‘Snooki’ Polizzi and Deena Cortese | MTV

Nicole ‘Snooki’ Polizzi and Deena Cortese both have experience in fashion

Both Polizzi and Cortese have experience in the world of branded clothing. Polizzi runs her boutique, The Snooki Shop, in Madison, New Jersey. She is also still running her Etsy shop, Nicole’s Craft Room, where she sells Jersey Shore-inspired merchandise.

More recently, Cortese started her own clothing line, Christopher John.

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Mr. Michel began to tell his story to local business publications, and it resonated. “There weren’t many voices, Black voices, that were asserting themselves in this space,” he said. “I happened to be one that someone caught wind of.”

A report in Black Enterprise Magazine was spotted by the mother of a reporter for TechCrunch, who then contacted Mr. Michel for an article. “That was the interview that changed the future of Black Founders Matter, because she asked what I wanted to do besides sell T-shirts,” he said. Without hesitating, he blurted out an idea about starting a venture fund for Black-owned start-ups. When the reporter asked how much money he would raise, he picked a number — $10 million — and was surprised when it became the headline.

Mr. Michel’s advisers — including Mr. Turoczy — saw an opportunity for him.

“They said: ‘We love what you’re doing and

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