Cloudhashing and HighBitcoin announce a merger!
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
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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....
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,....
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....
The bitcoin mining ecosystem seems primed for major change, if recent developments are harbingers of what's to come. New funding and expansive initiatives are pushing the boundaries of the mining sector and opening doors for both recent entrants and established heavyweights. Today the bitcoin network hash rate stands at nearly 125 petahashes per second, according to Blockchain, with the difficulty resting just below 17 billion. With a steady trend upward - and suggestions that mining economies around the world could grow in scope and capacity - there's no telling where these numbers will....