TVP AND DEMAND POOL ANNOUNCE UPCOMING LAUNCH OF FIRST STRATUM V2 BITCOIN MINING POOL AND CLOSING OF VENTURE CAPITAL INVESTMENT

Whats Happening:

DMND, the world's first Stratum V2 Bitcoin mining pool, is opening applications for miners to join as launch partners. Successful applicants will receive a 0% fee for two months and a special two-year founding miner agreement. The fund also announced venture capital financing led by Trammell Venture Partners in Q4 2024.

Key Moves:

• DMND opens applications for miners to join as launch partners

• Successful applicants receive 0% fee for two months and special two-year agreement

• DMND secures venture capital financing led by Trammell Venture Partners

By The Numbers:

• 0% fee for initial two-month period for successful applicants

• Two-year founding miner agreement offered to launch partners

• Applications for launch participants end March 28, 2025, at midnight PST

Key Quotes:

• "The Bitcoin mining industry has a key problem which I've pinpointed over my 10 year career: mining pool centralization," said Alejandro de la Torre, DMND co-founder and CEO.

• "By empowering mining operators to securely and privately design their own block templates while facilitating radical transparency and fairness of payments to mining pool participants, DMND will bring a new era to the mining industry," said Christopher Calicott, TVP's managing director and founding partner.

Bottom Line:

DMND's launch of the world's first Stratum V2 Bitcoin mining pool represents a significant step towards decentralizing Bitcoin mining. By allowing miners to construct their own block templates and implementing end-to-end encryption, DMND aims to enhance Bitcoin's decentralization, privacy, and profitability for miners of all sizes.

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