Bitfury North American Mining Proxy Hut 8 to List on TSX

After its debut, Hut 8 will be 49 percent owned by the parent group, and the remaining stock in the hands of insiders and private placement investors
15 February 2018   596

Hut 8 Mining Corp. from Vancouver, a part of the Bitfury Group, is going to be listed on the TSX Venture Exchange in Toronto this month. After listing, Hut 8 will be 49 percent owned by the parent group, and the remaining stock in the hands of insiders and private placement investors. This is reported by News Bitcoin Com.

As planned, to the mid 2018, Hut 8 will acquired 60 megawatts of Bitfury’s mining power in Canada and also will have exclusive agreement with the parent company to develop new mining facilities of North America. Mike Novogratz also will finance the deal.

According to reports, Bitfury  has 172 megawatts of hashing power, mined over a million coins, and its yearly revenue was an estimated $350 million. And Chief Executive Officer Valery Vavilov puts the company’s market share at about 10 to 12 percent.

This is about access to capital and scale. We found a perfect vehicle to capitalize incredibly quickly. Bitfury now is going to rebalance the global network. If the capital markets react as we expect them to, there’s the opportunity to vend in other parts of Bitfury. Potentially all of Bitfury – piece by piece.
 

Sean Clark 

CEO, Hut 8

It looks like Canada can become new Bitcoin mining hub. 

Iceland Mining Farms Thief to be Caught in Amsterdam

Sindri Thor Stefansson,  suspected of stealing 600 mining computers, was detained in the evening of April 22 in the center of Amsterdam
24 April 2018   52

The Dutch police detained Icelander Sindri Thor Stefansson, suspected of stealing 600 computers used for mining crypto-currency. This is reported by the Iceland Monitor.

According to law enforcers, the suspect was detained in the evening of April 22 in the center of Amsterdam. The police refused to disclose details of the special operation. The prosecutor's office is working on his extradition to his homeland.

Sindri Thor Stefansson
Sindri Thor Stefansson

Since December 2017 in Iceland, a series of robberies occurred, which resulted in the abduction of about 600 farms for the mining of bitcoins and other crypto-currencies in the amount of almost $ 2 million. As part of the investigation of the incident, 11 people were arrested, including Stefansson.

In April, he managed to escape from prison to Sweden. He jumped thru the window and flew to Europe without any documents. Policemen believed that he had a person, who helped him. Another interesting fact is that this aeroplane reportedly carried the Icelandic prime minister.

Bitcoin mining farm heist was one of the biggest heist in modern history of Iceland.