Cryptocurrency Corner: Earnity Joins BitNile and Closes $15M – Dan Schatt

California-based crypto investment firm Earnity is focused on cultivating its online platform where users may earn, collect, research, and reward portfolios of digital assets and tokens. It’s really nothing short of revolutionary in the crypto and DeFi (decentralized finance) industry. Passionate about blockchain technology, Earnity’s Dan Schatt and Domenic Carosa are determined to give people more control of their money through a trustworthy platform where everyone can earn, exchange, and learn more about crypto assets

In 2021, Earnity joined BitNile, and in December, the pair closed $15 million in stocks. And it shouldn’t come as a surprise to anyone that Earnity founders Domenic Carosa and Dan Schatt are excited about this new partnership and their future in Bitcoin mining. What happened was that in a Series A round overseen by BitNile, a Bitcoin mining firm, Earnity raised $15 million to bring the total raised to $20 million. However, it should be noted that there were other participants, including Thorney, an Australian company listed in Securities Exchange, and NGC Ventures, a blockchain fund.

Christopher Wu, BitNile executive vice president for alternative investments, is slated to join the board of directors of Earnity. The two companies will be forming joint ventures to develop and promote NFTs or non-fungible tokens and other DeFi protocols and products.

BitNile’s parent company, the publicly traded Ault Global Holdings, announced earlier its plans to divide itself into two companies by offering the Ault Alliance business side to its stockholders. However, the BitNile half will continue to be a data center and bitcoin mining, pursuing DeFi-centered goals.

Mirroring Earnity’s excitement, BitNile is likewise looking forward to the partnership and being an important cog in the crypto revolution machine, the mining of crypto, and the spreading of DeFi to people everywhere.