HashChain Acquires Node40 to Improve Mining

HashChain Technology has announced that it acquired technology company NODE40 in order to diversify its cryptocurrency mining strategy with blockchain
31 January 2018   3704

NODE40 Balance is a robust cryptocurrency reporting software that integrates directly with certain major cryptocurrency exchanges, and NODE40 also provides Dash masternode hosting services. The company's aim is to free cryptocurrency investors from the technical hurdles and time investment needed to run Dash masternodes.

NODE 40 was recentry acquired by HashChain, a blockchain technology company, and the publicly traded Canadian cryptocurrency mining company which supports flexible mining operations across major cryptocurrencies.

Patrick Gray, the founder of HashChain stated that one of the major goals of the industry at the moment is cryptocurrency accounting and reporting for tax purposes, that is why software developed by NODE40 is on such a high demand.

Cryptocurrency mining remains an important focus for HashChain, as we continue to acquire more Rigs and generate revenue on a large scale. The acquisition of the NODE40 Business is an important next step of creating a global blockchain technology company.
 

Patrick Gray
CEO and Founder, HashChain

Perry Woodin, the co-founder of NODE40 stated that the acquisition of NODE40 by HashChain means that the companies can rapidly grow blockchain service offerings, as it expects to expand the NODE40 Balance accounting service to support additional transparent blockchains and integrate with many more exchanges.

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   386

The largest mining company Bitmain has submitted to the Hong Kong Stock Exchange (HKEX) listing application for an initial public offering (IPO), according to CoinDesk.

The application is a draft option, and some of its details, in particular the number of shares offered for sale and the immediate date of the IPO, are still in the process of editing.

Nevertheless, the document indicates that last year Bitmain's revenue was $ 2,517,719,000. This figure is higher than in 2016 ($ 277,612,000). As of June 30, 2018, the company's revenue was $ 2,845,467,000.

The application said that in 2017 the gross profit of the company was $ 1 212.7 million, which is also higher than in 2016 ($ 151,351,000).

Earlier, the head of Bitmain, Jihan Wu, expressed his indignation over the actions of the company's chief financial officer, who disclosed the figures for the first quarter 60 days after his end, and not after 90, as he had expected.

The media suggested that in the run-up to the IPO the publication of such information could have a negative effect on the company's investment attractiveness.

In addition, the document confirmed the media's information that Bitmain owns a 3% stake in Opera's Internet browser thanks to an investment of $ 50 million.

The application also indicates that the underwriters of the IPO are China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost & Sulliva