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   1721

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. 

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   69

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.
 

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.