The number of investment deals in 2022 in Latin America was a 1.38% increase over 2021, but the total amount dropped by 60.8%, meaning the majority of investments were in seed rounds
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That meant that more seed-rounds were funded, due to the lower amounts of capital. Meanwhile, the industry that grew the most in 2022 was software, by 3%, and into which investors poured more money. PUBLICIDAD
Arthur Mining
Created by Brazilians, the US-based energy-tech company, which plans to start operating in Brazil in the first quarter of 2023, received an investment of 23.5 million reais ($4.5 million). The company’s goal is to increase  the volume of cryptocurrencies in circulation through mining, helping energy companies optimize their assets. The investment was raised among a number of family offices with large investments in energy and infrastructure, at a pre-funding valuation of $100 million. With the investment, the company projects a threefold growth of its US operations, in addition to starting operations in Brazil and achieving a turnover of $40 million in 2023. PUBLICIDAD
Vai
A Colombian carpooling platform for university communities, Vai closed a pre-seed round for $530,000 and hit a valuation of $3.2 million. The investment round was led by local and international angel investors, and supported by advisors such as Makers Fellowship, BDO ScaleUp and the Entrepreneurship Programme (PEMP) of the Universidad de los Andes. Roberto Amaya, COO and co-founder of Vai, said that the company’s goal is to expand into morecities in the country in the short term, with plans to expand into Mexico and Brazil between 2024 and 2025. Ruedata
The Colombian-Mexican startup received investment from international venture capital fund Kamay Ventures. The amount of the transaction was not disclosed, but the fund told Bloomberg Linea that its average injection is around $300,000. Ruedata’s business model consists of tyre-stock management software for transport companies, based on technology and data analysis. The company aims to consolidate its business in Mexico and Brazil, improve the products it offers, and reach 100,000 vehicles by the end of 2023 in all of Latin America. PUBLICIDAD
Ruedata currently has offices in Colombia, Mexico and Brazil, and clients in Argentina, Chile, Peru, Bolivia and the Dominican Republic. This is Kamay Ventures.’s second investment in the IoT vertical, after investing in Wiagro, and Ruedata joins other companies in its portfolio such as Auravant, Zippin, Kilimo, Retrypay, Altscore and Aerialoop.

Rounds of the Week: Arthur Mining, Vai and Ruedata Raise Funds

This is an opinion editorial by Ruda Pellini co-founder and president of Arthur Mining, an ESG-focused bitcoin mining company. I recently saw an article that cited the level of leverage and debt of the world's leading Bitcoin mining companies . Since they are listed companies, it is easy to find their financial statements and prove the obvious: this is a counter-cyclical business that requires a lot of efficiency and professional management. For those who are still wondering what mining is, let me quickly explain: the term mining makes an analogy to the process of extracting gold and metals, since bitcoin miners are the "producers" of this digital commodity. In practice, mining consists of allocating computing power and electricity to ensure the bitcoin network functions, validating transactions and serving as the backbone of this decentralized system. Investing in bitcoin mining is different from buying the asset directly. On the one hand, when investing in mining you have constant and predictable cash flow and physical assets that can be liquidated in the event of market stress, making the investment more attractive to more cautious investors accustomed to investing in cash flow generating businesses. On the other hand, besides the risk related to the asset, there are also risks of the operation itself. Currently, bitcoin is down more than 65% from its November 2021 peak. Moments like this generate apprehension and make the investors ask themselves: is it an opportunity to increase my investments or a risk? For bitcoin mining operations with structured cash, the moment represents a great opportunity! To quote Warren Buffet: “It’s only when the tide goes out do you learn who was swimming naked.”
The Impact Of Bitcoin Price On Mining
In general, bitcoin miners have their cash flow reduced as the price of bitcoin falls, so at first glance it is counterintuitive that lower prices are beneficial to a mining company. However, since we are talking about an industry, more important than the market price is the cost of production. Within the production costs, the biggest cost is the cost of electricity, which is the main input for this data processing activity. Therefore, those who can get a good price for energy and efficiency can remain profitable even in unfavorable market conditions. Since not all miners can achieve this same level of efficiency, in scenarios like this one many end up having their production cost very close to the market price of the asset, leading them to liquidate their assets and exit the market. Because of this, as in most commodity markets, this market is also counter-cyclical, and these down times are the best times to expand operations. There is a positive correlation of the price of mining computers with the price of Bitcoin, where the price ends up being adjusted in a greater variation than the asset itself. While the price of bitcoin fell about 47% from April to August of this year, the price of computers used in mining fell about 60% in the same period. (Source: Arthur Mining) 
The Bitcoin Mining Companies
Particularly, I understand the mining industry in much the same way as the network infrastructure (cable) industry of the 1990s, where there were basically three major cycles of expansion and consolidation. The first cycle was marked by geeks and technology enthusiasts, who started internet businesses and literally cabled and set up the first network infrastructures. This has also happened with bitcoin miners since 2009. In the second cycle, we had the entry of players interested in maximizing capital quickly, ignoring the importance of efficiency by focusing only on the accelerated expansion of their structures and on short-term results. In the third cycle, we had the consolidation of the industry, with the entry of players focused on efficiency and long-term vision, encouraging the entry of venture capital and the professionalization of the market. In the United States, the 50 largest cable companies of the late 1990s were consolidated into four by the end of 2010. Most of today's large mining companies entered the second cycle, with too much focus on the short term and not enough efficiency. This results in businesses that are not very robust and are very vulnerable to times of stress. During bitcoin's big up cycle between 2020 and 2021, many mining companies took advantage of rising margins to leverage themselves and expand their operations. This is very common in many industries, but in this case in addition to leveraging in dollars, a good portion of the listed miners ended up keeping their cash in bitcoin in an attempt to maximize their results. According to estimates from Luxor Technologies, estimates indicate that listed mining companies have between $3 and $4 billion in loan agreements used to finance infrastructure expansion and computer purchases. Produce On The Uptrend, Sell On The Downtrend
Mistakenly, these players did not consider that, as in any commodity producer, if you are able to increase your production capacity, it makes sense to sell the stock you produce and reinvest it, rather than keeping the asset you produce on your balance sheet. In order to be able to honor these commitments, mining companies began to liquidate their liquid assets first, in this case the bitcoins held on the balance sheet. This move further increased the selling pressure during June and July, pushing prices to new lows. Basically, the result of the cash management strategy adopted by these mining companies was to mine high and sell low, resulting in further financial losses in addition to the operational losses caused by the bitcoin price declines. After selling the bitcoin from the balance sheet, the less efficient mining companies will need to sell computers to honor payments and maintain the operation, opening up space for more efficient mining companies to incorporate these assets and operations. Time To Expand
As with other commodities, bitcoin mining is an anti-cyclical business. As a result, the best time to grow is during periods of low prices, when inefficient miners face problems and exit the market. At the current moment the equipment is at a great discount and the investments made now will bring returns faster. So, despite the negative news and the last few months of falling prices, this is a moment of great asymmetry, with reduced risk and high potential returns to make investments in bitcoin mining. We are in a moment of great opportunities and those who invest now will be winners in the long run. In short, for businesses that are well structured and have strategic advantages that ensure efficiency, all the turbulence of this harsh winter points in the direction of a very favorable spring for growth. This is a guest post by Ruda Pellini. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine. Tags

This Is The Best Time For Bitcoin Mining Opportunities

This is an opinion article by Ruda Pellini, co-founder and president of Arthur Mining. The world is no longer the same — it is constantly changing. And this transformation is happening increasingly faster. In reality, the “new normal” is a constant transformation and the only certainty is change. The Information Age arrived and with that several concepts had to be updated so as not to be destroyed by the new. Paradigm shifts are taking place all around us and anyone who doesn't understand this will quickly fall behind. The changes that bitcoin has already brought and will continue to bring to the world are not just monetary. We are facing a new energy revolution as well. And anyone who doesn't keep up to date with new trends will be disrupted. Thinking in this context, I have separated seven trends in the energy market to help you anticipate what is on the horizon and approaching quickly. 1. Renewable Energies Will Be Widely Adopted
The transition to renewable energy has reached a point of no return. As time goes on, this sector will become increasingly efficient. Today, in appropriate places , wind and solar energy are already the cheapest and most efficient ways of generating energy. With popular pressure for a cleaner energy matrix and more investment in research, this trend will intensify. Another issue is that the perception that fossil fuels are stable sources of energy has suffered a setback with the invasion of Ukraine and its aftermath. While the generation of renewable energy can usually be done at or near consumption points, oil and natural gas depend on major global producers, a complex supply chain and are more influenced by geopolitics. The only fossil energy source that tends to remain competitive in the medium term as a form of energy generation is natural gas. 2. Renewable Energy Generation Operations Will Be Multimodal
A significant portion of energy production in Brazil is hydroelectric. In addition, in the country there are several reservoirs which are basically flat surfaces and, as Brazil is a tropical country, they have a high rate of sunlight. In the future, these reservoirs will be used as solar generation parks and will be integrated into the hydroelectric substation, which will allow the integration and transmission of this generated energy to the electrical grid. In windy places, wind turbines will also be installed, further increasing the use of the enterprise. This logic does not apply only to Brazil, but to any countries where wind and solar energy are viable in the same region. 3. Distributed Generation Will Be Widely Adopted
Until the beginning of the last decade, there was no distributed energy generation around. Since then, this form of generation has seen exponential adoption. This trend will continue for a long time, as penetration of this form of generation is still incipient. In the future, individual consumers will be able to install their own solar panels on the roof of their homes or join small cooperatives, such as condominiums or clubs, and build small generators for electricity. 4. Waste Of Idle Energy Trends To Zero
In 2009, humanity invented a technology that allowed the monetization of stranded energy. The name of that technology? Bitcoin mining. Thanks to this process, it is now possible to convert energy into money, regardless of where that energy is located. A clear example of this stranded energy monetization process is , “the burning of natural gas associated with oil exploration,” AKA flaring. Currently, most of this surplus gas is flared because it is not economically viable to use it. With bitcoin mining, this scenario has changed and there is a great tendency for this gas to be used to fuel bitcoin mining operations. With that, a gas that was wasted became monetizable. An example of this logic is Exxon starting a pilot bitcoin mining project in 2021. This same logic can be applied to any other form of minimally accessible stranded energy, such as, for example, with biogas and from dumps and landfills . 5. Electric Grids Will Become More Robust And Energy Will Become Cheaper For The Consumer
Currently, electrical grids are designed to produce energy to meet peak demand. However, there is no viable way to store this energy and it is idle at most times when demand is not at its peak . As a way of monetizing surplus energy, bitcoin mining allows for the construction of oversized networks. These networks will not need to be anchored to calculations that focus on avoiding waste and targeting the moment of peak demand, which always incurs a risk of miscalculation and blackouts. A consequence of this logic is that without the need to charge the final consumer for the production of surplus energy, the price of energy will decrease considerably. 6. Bitcoin Mining And Energy Sectors Will Merge
We currently think of bitcoin mining and energy sectors as two independent sectors, but in the future they will merge . The characteristics of bitcoin mining make this activity attractive for the energy sector, which is observable in its incipiency. The logic presented in the item above implies that power generators will adopt bitcoin mining as a way to monetize their idle energy. 7. Humanity's Energy Generation Capacity Will Increase Significantly, And With It The Degree Of Human Progress
The consequences of the existence of a technology that makes it possible to monetize idle and stranded energy are broad and profound. Currently, human beings fail to take advantage of a significant portion of the energy they produce because it is not feasible to transport and store this energy . Thanks to bitcoin mining, this logic will be reversed. Several energy sources in remote locations will become economically viable. Two clear examples of this are:
Deserts, places with huge potential for generating solar energy. Volcanic islands, places with huge potential for generating geothermal energy. The absence of a consumer market near these locations prevented these energy sources from being used by humanity. With the invention of a technology that allows the monetization of idle energy, this dynamic has changed. This also implies that the increase in demand for solar panels, wind turbines and other materials needed for energy generation will generate more research and innovation in the sector and, consequently, make this equipment cheaper. The Third Energy Revolution
Finally, it is worth remembering that energy is the only universal currency. In other words, there is no poverty, but energy poverty. Likewise, having access to more energy will unlock a great revolution in humanity. Our species has already made two major evolutionary leaps related to unlocking different ways of using energy:
1. When we mastered fire and learned to cook, we started to ingest more calories in less time and with that our brain developed. 2. When we started to access energy stored and concentrated over millions of years by geological processes, the so-called fossil fuels, we became an industrial society and our population exploded. The monetization of idle and stranded energy capacity, whether solar in deserts, winds or geothermal potential on volcanic islands, will allow us to take the third evolutionary leap in terms of energy use. The world of tomorrow will be a world with an abundance of energy, and therefore, an abundance of resources. This is a guest post by Ruda Pellini. Opinions expressed are entirely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine. Tags

The World Of Tomorrow: Seven Trends In Bitcoin Mining And Energy

Seven Developments In Bitcoin Mining And Vitality – Bitcoin Journal That is an opinion article by Ruda Pellini, co-founder and president of Arthur Mining. The world is now not the identical — it’s consistently altering. And this transformation is going on more and more sooner. In actuality, the “new regular” is a continuing transformation and […]
The post Seven Developments In Bitcoin Mining And Vitality – Bitcoin Journal – EAST AUTO NEWS appeared first on EAST AUTO NEWS & TRENDS.

Seven Developments In Bitcoin Mining And Vitality – Bitcoin Journal – EAST AUTO NEWS

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Arthur Mining is a bitcoin mining operator that aims to reduce energy costs. It develops and operates data centers to optimize the consumption of idle and undervalued energy through hardware solutions, infrastructure, and patented algorithms. The company was founded in 2019 and is based in New York, New York.

Arthur Mining

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