# Mintgreen Blockchain Innovation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mintgreen-blockchain-innovation

- Industry: Hardware
- Headquarters: Burnaby, Canada
- Website: www.mintgreen.co
- Latest round: Seed (Mar 16, 2021)
- Investors on record: 3

## About

Based in Burnaby, Canada, and founded in 2017, Mintgreen Blockchain Innovation Corp. operates as a developer and provider of a commercial heat recovery end-to-end solution for cryptocurrency mining. The company was co-founded by Colin Sullivan, Jennifer Zee, and Kurt Melnychuk to create strategic partnerships with energy companies to immerse cryptoming in heat exchange technology. Its first product was a 13-GPU mining rig called caddy that was placed to heat ski cabins in Hemlock and split the power bill with the cabin owners. In March 2021, the company raised an undisclosed amount of seed funding.

The CADDY is the cryptocurrency mining system created by MintGreen that comes with preloaded scripts that is compatible with any coin such as Grin, Beam, Bitcoin, Bitcoin Gold, and others. CADDY also comes with a custom-tuned overclocked graphics processing unit, core and memory clocks, fans, exhaust fans, and cabinets that are on balancing and emergency ground supporting prongs and rails. The VPN software that comes with CADDY can be accessed using a mobile device.

The company generates its revenue by selling its rig and heat technology projects to cryptocurrency miners and its partnerships with industrial clients.

Mintgreen Blockchain Innovation Corp. plans to further utilize the heat generated by cryptocurrency mining into many other industrial processes such as heat from liquid immersion mining in the mash process and to heat large evaporation tanks to produce flake salt.

## Funding rounds

- Seed, Mar 16, 2021 — CoinShares Ventures, Nelson Investments, Hard Money Collective

## Investors

- CoinShares Ventures (https://capitalatlas.ai/funds/coinshares-ventures) — Seed
- Nelson Investments (https://capitalatlas.ai/funds/nelson-investments) — Seed
- Hard Money Collective — Seed