The British startup Thunderbolt Union, founded by Garry Butt to address key issues in cryptocurrency mining, has successfully raised over $100 million in initial investments, according to company representatives. The investor list includes international venture funds as well as private investors interested in developing sustainable mining solutions amid high electricity costs. The company plans to use these funds to expand its global presence and improve its infrastructure, providing cheaper electricity to miners worldwide.
Thunderbolt Union, specializing in access to affordable energy sources for private miners, aims to significantly expand its team and enhance its technological solutions.
One of the startup’s core missions is addressing a major challenge for modern miners—high electricity costs, which make mining unprofitable in many regions. According to the company’s founder, Garry Butt, the project has already attracted considerable attention from private and institutional investors. The innovative business model allows miners to earn profits even in cities with high electricity prices, such as Berlin, Copenhagen, Ireland, Japan, and many other European countries.
The company also offers unique conditions for ‘hosters’—people living in countries with cheap electricity who are willing to host mining equipment in their homes. In return, hosters receive a share of the profits and can use the heat generated by the equipment to warm their homes. Thunderbolt Union takes care of electricity payments and manages all technical aspects, including equipment selection and setup.
While the company has not disclosed its full valuation, experts estimate that Thunderbolt Union could be valued at over $500 million, based on its international potential. The company is focused on developing global cryptocurrency mining infrastructure.
Garry Butt, CEO of Thunderbolt Union, stated:
“Our mission is to make mining accessible to everyone, regardless of their location. We want to create a future where even residents of regions with high electricity tariffs can earn from cryptocurrencies through our solutions.”
Thunderbolt Union is already expanding into new countries, aiming to provide mining solutions in regions where strict cryptocurrency restrictions exist or where high electricity costs make mining unprofitable.
