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   1262

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. 

Ebang to Unveil New BTC Mining Devices

As reported, 10-nm process technology based Ebang E11 miners can reach 44 TH/s performance
25 September 2018   118

The Chinese manufacturer of mining equipment Ebang Communication revealed details about the new line of E11 devices, CCN reports.

At World Digital Mining in Tbilisi, the company introduced three new devices. Based on the 10-nm process technology Ebang E11 miners can reach 44 TH / s. According to the information on the company's website, new miners will go on sale in the near future.

Ebang Mining Devices
Ebang Mining Devices

On the advertising pic there are new devices: E11 (30TH / s), E11 + (37TH / s) and the most powerful E11 ++ (44TH / s)

Main competitor of Ebang - Bitmain - had introduced a high-performance chip BM1391 last week based on 7nm process technology. It is noteworthy that the device E11 ++ from Ebang in its effectiveness exceeds the flagship chip from Bitmain only 2J / TH.

The first information about the new line of miners from Ebang appeared in August.