Lancium, a crypto mining energy management company announced the completion of a $150 million financing. One of the world's leading clean energy solution providers, Hanwha Solutions, led the round, other investors like Novawulf, SBI Holdings participated. 

Lancium co-founder and CEO Michael McNamara said: "This financing allows us to embark on the next high-growth phase of our business, and we are encouraged by the support of a broad range of investors from the energy and cryptocurrency sectors. We have an ambitious growth strategy with over 2,000 MW of capacity in development across our Clean Campuses, and significant capacity expected to come online in the year ahead."

Lancium said its Clean Campus data center will host Bitcoin mining, high-throughput computing and other energy-intensive applications while providing power management services. 

The company has begun building a 325 MW Bitcoin mining data center in Texas, which will be fully operational in the fourth quarter of next year.

By Mary Liu