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   686

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.

South Korea to Toughen Mining Chip Import Rules

Mining chips will have to meet legal requirement for importation, such as safety and sanitation certifications
19 April 2018   105

In South Korea, foreign-made crypto mining chips import rules can be complicated in the near future.

As reported by CoinDesk with reference to the statement of the Korean Customs Service (KCS) the government agency added mining chips to the list of goods that must meet certain criteria established by the current legislation for importation into the country, including certificates of security.

New requirements were introduced after the customs service discovered an increase in the number of mining chips imported into the country. So, in November and December last year, according to KCS, 454 mining chips were imported to the country for a total of 1.3 billion won ($ 1.2 million).

Since the mining devices consume a significant amount of electricity and produce a lot of heat, their operation is associated with an increased risk of fires.

To neutralize these risks, the service will monitor the safety of imported devices in accordance with the requirements established by the National Radio Agency.