Kodak will release mining equipment

Kodak and Spotlite are going to lease miners for rent
11 January 2018   1716

The manufacturer of photographic equipment and supplies Kodak decided not to limit its presence in the field of cryptocurrency with the release of KODAKCoin. The company is preparing to enter the market of equipment for mining with the release of Kodak KashMiner. This reported by Business Insider.

Miner was represented at a technology show in Las Vegas. The license for the production of equipment under the Kodak brand was obtained by the Spotlite Energy Systems company in California.

Kodak Kash Miner
Kodak Kash Miner

Kodak and Spotlite intend to lease new miners for rent. From their future customers, they require signing a two-year contract and paying $ 3,400.

According to Spotlite and Kodak, the miner will bring tenants $ 375 per month. Thus, the expected profitability for the entire duration of the contract is $ 9,000.

Kodak attracted the attention of critics by its latest actions, stating that the company seeks a short-term increase in the price of its shares only a few years after the official bankruptcy.

If Kodak was really going to follow this path, then it's plan worked: at the time of publication, Kodak shares traded near $ 11, according to MarketWatch information, having started the week near the $ 3 mark.

Kodak Share's Price
Kodak Shares Price

Curiously, Kodak equipment looks similar to the S9 miner of the Chinese manufacturer Bitmain.

Representative Spotlite in a conversation with the BBC said that of those wishing to take advantage of the offer of the company has already gathered a line.

SBI Holdings to Start Mining Chips Manufacturing

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States
22 March 2019   100

The Japanese financial conglomerate SBI Holdings announced the creation of a new enterprise that will focus on the production of chips and cryptocurrency mining systems.

The message on the company's website says that SBI Mining Chip Co. (SBIMC) is part of SBI Holdings digital asset strategy.

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States, and a former head of Chip Estimate and WearSens Adam Trademan, will head it. Currently, Trademan heads the BRD mobile cryptocurrency wallet development company, in which SBI Holdings invested $ 15 million in January of this year.

Recall that its plans to launch a broad offensive against the cryptocurrency industry were announced by SBI Holdings in October 2017. Since then, the corporation has made numerous investments in various projects, and also intends to promote the mass adoption and practical use of the RR Xle XRP token.