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   1873

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.

SBI Holdings & GMO Internet to Use Largest BTC Farm

The companies allegedly made a deal with Whinstone Inc., that is going to launch almost 100 acres big mining farm in Texas soon
08 January 2020   120

Japanese financial conglomerate SBI Holdings and IT giant GMO Internet intend to mine bitcoins at the world's largest mining farm in Texas, Bloomberg reports citing sources familiar with the situation.

The companies allegedly made a deal with Whinstone Inc., a Northern Bitcoin subsidiary building a data center near Rockdale, to start cooperation in the coming months. Such a partnership is expected to help Northern Bitcoin attract more large investors.

Nevertheless, company representatives declined to comment on the information on cooperation.

As you may remember, Northern Bitcoin signed a merger agreement with Whinstone last November.

According to plans, after the construction is completed, the maximum capacity of the data center will reach 1 GW, and the facility itself will occupy an area of ​​more than 40 hectares, which is equivalent to 57 football fields.