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- TMGcore
TMGcore Funding, Investors & Competitors
TMGcore has raised $130M across 3 funding rounds, most recently a $10M Series A in January 2022.
Last TMGcore funding round
$10M
Series A · Jan 2022
Cumulative funding TMGcore raised
$130M
across 3 funding rounds
About TMGcore
TMGcore is a Plano, Texas-based developer of liquid-cooled infrastructure for high-performance computing and blockchain data centers. The company deploys direct-to-chip cooling systems that reduce power usage by 40 percent for GPU clusters in cryptocurrency mining and AI training. Founded in 2018, TMGcore partners with Dell and Supermicro for rack-scale solutions serving operators in North America and Europe.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Services
TMGcore Funding History
TMGcore has raised a total of $130M across 3 funding rounds.
TMGcore's first fundraising round was a $60M Series A in April 2018. The most recent completed round was a $10M Series A in January 2022.
TMGcore funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Jan 2022 | Series A | $10M | TMGcore, a Plano-based company founded in 2018, raised $10M in a funding round in January 2022. The company provides high-performance computing solutions and manufactures commercial-grade hardware specializing in liquid immersion cooling technology. This technology supports blockchain stability, growth, and long-term sustainability. |
| Mar 2021 | Undisclosed stage | $60M | TMGcore, founded in 2018 and based in Plano, Texas, develops high-performance computing solutions with liquid immersion cooling technology for blockchain and other applications. |
| Apr 2018 | Series A | $60M | TMGcore is a Plano, Texas-based company founded in 2018 that provides high-performance computing solutions using two-phase immersion cooling technology, enabling higher densities, better efficiencies, and support for applications like blockchain. TMGcore acquired a $60 million, 150,000-square-foot data center in Plano, Dallas, to support its mining and computing operations. |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialTMGcore Competitors
TMGcore competitors include listed companies like Block, Coinbase and Circle, and private ones like Ripple, OKX and Kraken.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $1.2B | - | $50B | - | ||
| Publicly listed | $24B | $2.2B | $46B | 1.6x | ||
| Publicly listed | $7.2B | $1.8B | $46B | 7.6x | ||
| Private | $1.9B | - | $25B | 13.2x | ||
| Publicly listed | $2.7B | ($73M) | $22B | 6.8x | ||
| Private | $2.2B | $531M | $21B | 9.5x |
TMGcore Public Comps
TMGcore is still privately-owned, but its public comps include Strategy, Block, Coinbase, Circle, BitMine, Bullish, Galaxy Digital, Hyperliquid Strategies, Sharplink and Securitize.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $477M | ($5.4B) | 149.4x | 144.4x | (13.1x) | (12.3x) | |||
| $24B | $2.2B | 1.7x | 1.6x | 18.6x | 9.4x | |||
| $7.2B | $1.8B | 6.1x | 7.6x | 24.2x | 27.2x | |||
| $2.7B | ($73M) | 7.2x | 6.8x | (273.4x) | 29.6x | |||
| $6M | ($364M) | 2308.9x | 97.4x | (38.6x) | - | |||
| $245B | ($727M) | 0.0x | 13.5x | (6.3x) | 38.2x | |||
| $60B | ($177M) | 0.1x | 0.2x | (43.3x) | (182.6x) | |||
| $9M | - | 308.0x | 162.2x | - | - | |||
This data is available for Pro users. Sign up to see all TMGcore competitors and their valuation data. Start Free Trial | ||||||||
Common questions about TMGcore
| When was TMGcore founded? | TMGcore was founded in 2018. |
| Where is TMGcore headquartered? | TMGcore is headquartered in Dallas, TX, United States. |
| Is TMGcore publicly listed? | No, TMGcore is a private company. |
| How much funding has TMGcore raised? | TMGcore has raised $130M across 3 funding rounds. |
| What was TMGcore's last funding round? | TMGcore's last funding round was a $10M Series A in January 2022. |
| Which companies are comparable to TMGcore? | Companies comparable to TMGcore include Ripple, Block, Coinbase, OKX, Circle and Kraken. |
See companies similar to TMGcore
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