HydroMiner Company To List Shares On London’s AIM

The company states it can solve bitcoin’s surging electricity consumption without boosting pollution
12 January 2018   1738

HydroMiner GmbH, a crypto currency mining company using green energy drawn from hydro power stations in the Alpine region of Europe, may list shares on London’s AIM stock exchange or similar markets for small and growing companies during 2018, according to Chief Financial Officer Davies Guttmann.

Davies Guttmann added that the company is actively courting regulation in Austria and the U.K. to give investors confidence in the fast-growing cryptocurrency market.

HydroMiner

HydroMiner, which raised $2.8 million in an initial coin offering, is also in talks to form joint ventures in Austria, Canada and eastern Europe. It is stated that an agreement with a power utility or financial investor could be announced within months.

In the long-term, Guttmann said HydroMiner aspires to be an infrastructure company inside the cryptocurrency industry by providing hardware, software and skills. Until then, it’s trying to build a clean reputation inside a bitcoin market still seen by some as a scam.

Recently, we have reported that Bitmain Technologies, Chinese bitcoin mining giant, is going to open a branch in Switzerland.

Bitmain to Close Norwegian Office

Main reason for this decision was the cancellation by the local authorities of special preferential conditions for the mining industry
18 March 2019   61

The Chinese manufacturer of mining equipment Bitmain announced the closure of the Norwegian division, according to ICOshock.

The office will be moved to Germany, where, according to representatives of Bitmain, the conditions are more favorable. The Scandinavian office of a Chinese company lasted only a year.

According to Julie Hvideberg, ex-manager of the Norwegian division of Bitmain, the main reason for this decision was the cancellation by the local authorities of special preferential conditions for the mining industry, including lower electricity tariffs. She also expressed the opinion that in the future the largest mining pools will be concentrated in China and Russia, where there is low-cost electricity.

Last year the problem with problems with regulators was faced by the Norwegian mining farm Kryptovault. Authorities and local residents considered the company too noisy.