Bitfury introduced blockchain to a mining company

Hut 8 Mining Corp. began trading under symbol "HUT"
07 March 2018   809

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.

Giant Mining Solar Powered Farm to Created in California

Plouton Mining will allocate solar panels on 49 acres and it's planned they should generate about 10-13 megawatts per day, working for an average of 12 hours
26 June 2019   54

Plouton Mining, a subsidiary of Plouton Group Holding, intends to open the largest Bitcoin farm in North America for mining, whose operations will be provided by solar energy. To this end, the firm chose a territory in the western part of the Mojave Desert, California.

Plouton Mining will place solar panels on 49 acres: they should generate about 10-13 megawatts per day, working for an average of 12 hours. The company stressed that Western Mojave receives sunlight for 70% of the year.

The company will also sign the necessary contracts with local electricity suppliers in order to operate the farm in the absence of solar radiation.

Meanwhile, the bitcoin hashrate has again updated the historical maximum at 66.666 EX / s.