According to The Block, Bitcoin mining machine company Fabric Systems completed a $13 million seed round of financing. Bitcoin miner TeraWulf, Skype co-founder Jaan Tallinn's fund Metaplanet, Blockchain.com and 8090 Partners participated in the investment. The funds raised will be used for Funding the development of two core products, including a liquid immersion cooled ASIC miner that is said to be energy efficient up to 20 watts/TH. Fabric Systems' machines are expected to be in production in the second half of 2023, with shipments starting in the third quarter.