DigitalBTC to Enter Strategic Partnership With CloudHashing.com
Australian investment firm Macro Energy Limited, which recently acquired digitalBTC, has announced a strategic agreement with CloudHashing.com - a company that lets customers pay to use its servers to mine bitcoin, rather than invest in their own rigs. Macro is planning to raise AU$9.1m as part of the digitalBTC deal and last week it said it will invest the money in mining operations and the expansion of other digitalBTC operations. It now appears that a sizable chunk of the investment will go toward the newly announced strategic deal with CloudHashing.com. 'Win-win' situation. Under the....
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DigitalBTC has inked a strategic hardware supply agreement with BitFury, one of the leading manufacturers of bitcoin mining equipment. The company is owned by Australian investment firm Macro Energy, which acquired Digital CC and its subsidiary digitalBTC last month. Thanks to the acquisition, the firm became the first bitcoin-related business to be listed on the Australian Stock Exchange (ASX). Mining plans. At the time Macro Energy said it plans to raise AU$9.1m and to invest the money in the expansion of digitalBTC operations, including bitcoin mining. Soon after digitalBTC entered a....
Australian bitcoin company digitalBTC has dissolved a supply agreement with cloud mining service CloudHashing. Under the agreement, which was finalised in March, CloudHashing was to run digitalBTC hardware in data centres in Iceland and Texas to mine bitcoins. Today, however, digitalBTC announced that it was pulling out of the deal, filing an announcement with the Australian Securities Exchange (ASX) that stated the companies had agreed to dissolve the supply deal. Under the settlement, CloudHashing's shares in digitalBTC are to be cancelled. The announcement states: "The settlement....
Many have questioned the legitimacy of players in the Bitcoin enterprise and there is no doubt that some firms and individuals have blighted the industry with their actions. When it comes to Bitcoin mining, you want someone trustworthy, someone who knows what they’re doing, someone who has been in the business for a while. Someone like CloudHashing.com. CloudHashing is a US based company, governed by US laws and regulations, if that brings any piece-of-mind. I will start off with one of the biggest criticisms CloudHashing gets: its price. In December, I called CloudHashing to see how much....
Australian investment company Macro Energy has announced plans to enter the digital currency space through the acquisition of Digital CC and its subsidiary digitalBTC. The company plans to raise A$9.1m and list digitalBTC on the Australian Stock Exchange (ASX). Macro Energy describes digitalBTC as an "innovative digital currency company" engaged in bitcoin mining and trading. In addition digitalBTC is developing retail consumer products for bitcoin and other digital currencies. Strong credentials. The company points out that digitalBTC already has established mining revenues and ties with....
Australian bitcoin firm DigitalBTC has reported its quarterly earnings, the first since the company went through a reverse takeover and re-listing on the Australian Securities Exchange (ASX). The company reported positive cash flow from bitcoin mining activities and bitcoin liquidity propositions, adding that it has already managed to recoup investments in its mining operations. In addition to mining, DigitalBTC is trying to enter the consumer space and has made it clear that it plans to use revenue generated by its mining business to fuel further expansion. As DigitalBTC is the first....