CloudHashing, HighBitcoin Merge Hosted Mining with ASICs to Form PeerNova
Two companies involved in the digital currency mining space are joining forces, melding hardware expertise with consumer mining services. CloudHashing, which offers cloud mining contracts, is merging with enterprise ASIC hardware designer HighBitcoin to form a new entity called PeerNova. The combined company is planning to sell mining infrastructure services at an enterprise level under the PeerNova name, while CloudHashing will continue as a brand selling mining contracts, effectively allowing CloudHashing to take advantage of HighBitcoin's expertise with ASIC hardware design for its....
Related News
On May 2, 2014, Cloudhashing announced a merger with HighBitCoin, LLC. HighBitCoin provides advanced hardware solutions for Bitcoin mining. The two now unite under the banner of PeerNova, and are committed to providing distributed financial applications and transaction processing technology. Together, we will deliver a suite of applications based on the blockchain and related technologies. said Dr. Naveed Sherwani, who serves as the CEO of PeerNova. Chairman of the Board, Atiq Raza said
CloudHashing, the first cloud Bitcoin mining company in the world, is further strengthening their market leadership by offering a record price for hashing power. “Our recent merger with the advanced hardware manufacturer HighBitCoin to form the company PeerNova allows us to do things no one else can in regards to volume of hashing power and price point,” said Lukas Gilkey of CloudHashing. PeerNova’s new PetaOne Blade features a custom 28nm chip with an industry leading power efficiency of 0.35W per GH/s. Said Lukas Gilkey. The mining contracts are set to go live in August and are 1 year in....
PeerNova has raised $8.6m in new funding as it seeks to pivot from providing enterprise bitcoin mining infrastructure to enterprise blockchain software solutions. The Series A investment was led by Mosaik Partners. Former AOL CEO Steve Case and Crypto Currency Partners also participated in the round. Formed in May of this year, PeerNova is the result of a merger between mining companiesHighBitcoin and CloudHashing. HighBitcoin developed mining hardware, while CloudHashing still sells contracts for mining as a service. Emmanuel Abiodun, president and CCO for PeerNova, told CoinDesk that,....
Software and hardware vendor PeerNova has managed to raise close to nine million dollars in extra funding. The round was led by San Francisco-based technology investment firm Mosaic Partners, while other investments came from individuals such as venture capitalist Pierre Lamond and Ashar Aziz, the CTO of network security company FireEye. The company plans to use the funds to expand globally, further its research and experimentation, and bring the technology of the blockchain to its platform. PeerNova was formed in May of this year through the fusing of two mining companies. HighBitcoin and....
US retail giant Overstock has invested in blockchain technology specialist Peernova as part of its second tranche of Series A financing. Formed through a merger between cloud mining contract provider CloudHashing and ASIC hardware designer HighBitcoin in early 2014, Peernova raised $8.6m in funding last December as it sought to accelerate its shift away from mining. In statements, general manager of Overstock's Cryptocurrencies Group Judd Bagley framed Overstock's first investment in a bitcoin industry firm as a vote of confidence in the decentralized ledger-based technologies Peernova is....