Canadian HyperBlock to acquire CryptoGlobal

Canadian mining-as-a-service company HyperBlock plans to purchase Toronto-based mining firm CryptoGlobal to expand their range of services
06 April 2018   739

Mining-as-a-service has become quite popular with audience, who can't afford a rig or don't want to have a noisy and power-hungry machine running all day long in their house. And one of the largest players in this field in Canada – HyperBlock Technology Corp plans to grow larger still. They announced that they entered a purchase agreement with CryptoGlobal.

HyperBlock plans to buy out CryptoGlobal for a whopping sum of 106 million Canadian dollars, which is roughly equivalent to US$83 million. If the acquisition comes through smoothly, HyperBlock will become one of the largest players in the market of outsource mining.

Toronto-based CryptoGlobal currently is in the business of mining Bitcoin, Ethereum, Litecoin and Dash. And when their computing power joins the market of mining-as-a-service under HyperBlock's flag, it would make a significant impact. HyperBlock's CEO Sean Walsh commented, that this deal furthers the goal of his company to become a comprehensive direct-to-consumer crypto company, offering products and services to the customers to make and manage their crypto-asset investments. Also he added that after the acquisition is finished, HyperBlock plans to be listed on the Canadian Securities Exchange, which is expected around the end of May this year.

Bitfury to Represent Bitcoin Mining Optimization Chip

The product is called Bitfury Clarke ASIC and it's based on five successful generations of mining chips
20 September 2018   122

Bitfury Group introduced a new generation of hardware for bitcoin mining under the control of the integrated microcircuit Bitfury Clarke ASIC.

Five successful generations of Bitfury mining chips are the basis for new Bitfury Clarke ASIC. According to the developers, the new chip has the highest performance characteristics among the bitcoin mining hardware.

14nm Bitfury Clarke ASIC is fully optimized for Bitcoin Mining on SHA256. The hashing capacity is up to 120 Gigahets per second (GH / s) with energy costs of only 55 miljoules per gigahash (mJ / GH). The minimum required mains voltage is 0.3 V.

In addition to selling Bitfury Clarke chips, Bitfury also integrates Bitfury Clarke into other hardware, including its own servers for mining and BlockBoxes, as well as in the mining centers in Canada, Norway, Iceland and Georgia.