Bitfury introduced blockchain to a mining company

Hut 8 Mining Corp. began trading under symbol "HUT"
07 March 2018   954

One of the largest listings happened yesterday, March 6: mining company Hut 8 Mining Corp. in Toronto is now traded on TSX Venture Exchange. The public listing looks to be a significant one as Hut 8 currently operates 100,000 machines with plans to engage 220,000 more terminals in the span of the coming six months. Such statistics makes Hut 8 the world's largest crypto-mining company whose shares can be bought publicly.

Today’s listing on the TSXV is a milestone for Canadian investors, who can now access one of the world’s largest publicly traded crypto-mines without purchasing the underlying cryptocurrency. In crypto-mining, scale is what determines success in the short term, but is also what allows mines to weather any volatility over the long term. Our exclusive partnership with Bitfury, one of the world’s leading full-service Blockchain companies, facilitates the kind of scale that will allow us to deliver ongoing value to investors.

 

Sean Clark

Interim Chief Executive Officer, Hut 8

Bitfury officially backs Toronto company and it will be represented with a symbol "HUT" at the exchange. Also in the announcement it was mentioned that a veteran venture capitalist and leading world figure in blockchain Bill Tai will lead the board of directors of the company.

Listing on the TSX Venture Exchange is a milestone for the growth of Blockchain and cryptocurrency companies. We look forward to continuing our work with Hut 8 as we advance this technology and its value in North America.

 

Valery Vavilov

Chief Executive Officer, Bitfury

Hut 8 intends to further deepen the cooperation with Bitfury by using its resources of hardware, software and technology to design low cost data centres and attractive capabilities.

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   67

The fourth largest state bank, the Bank of China, has issued two-year blockchain bonds for small businesses totaling $ 2.8 billion.

To issue digital certificates, Bank of China used its own blockchain system.

It is also the first blockchain-based bond issue accounting system in the country.
 

Bank of China

Securities will go on sale with an interest rate of 3.25% per annum.

Thus, the bank hopes to raise funds to support small businesses in the country. As of September, as part of this initiative, the bank provided loans to small and micro enterprises for a total of $ 57.7 billion.