The entrepreneurs behind Southern Block Capital, a Bitcoin mining investment firm based in Little Rock, are optimistic that their second fundraising round will build on the success of the first.
Ryan Herget, the man behind Arkansas startup uber-success stories Chef Shuttle and Good Day Farm, said he expects the recent launch of the firm’s Fund II to build on the strong foundation of the first fundraising round, which he said is performing ahead of schedule. Herget launched Southern Block Capital with Steve Landers Jr. and Dustin Curtis of Interstate Holdings.
“Things are going very well,” Herget said. “Our first fund was built around a clear thesis: utilizing Bitcoin mining as a reliable, capital-efficient way to monetize contracted power profitably while preserving optionality in how that power can be utilized over time. By operating at the low end of the cost curve, the model is designed to perform across market cycles — benefiting from higher prices when markets are strong and capturing a greater share of transaction fees as less efficient operators exit during downturns, helping protect revenue when prices soften.”
Fund I demonstrates that Bitcoin mining provides dependable cash flow today while keeping future pathways open as power markets evolve, he said, adding that its success is the primary reason Fund II was launched just months after the first.
“The second fund builds directly on the strong foundation of the first, using the same proven operating approach and equipment profile,” Herget said. “We officially kicked off Fund II this week and are currently in the process of raising capital. Even at this early stage, we’ve received significant commitments from Fund I investors while also selectively engaging a small number of outside investors to give them exposure to what we’re building. We are targeting full operations for Fund II by the end of May. Our focus remains unchanged: disciplined deployment, reliable infrastructure and repeatable execution. This fund is meaningfully larger than the first, reflecting robust investor interest and the scalability of the model.”…