DigitalBTC Selloff Prompts Questions from Australian Securities Exchange
Australian bitcoin company Digital CC Limited, which trades as 'digitalBTC', experienced a big selloff on the Australian Securities Exchange (ASX) last Friday. The sudden and drastic increase in trading volume prompted the ASX to send a formal notice to the firm the very same day, asking whether or not there was any undisclosed information that could have prompted the selloff. The firm started trading on the ASX following a reverse takeover of Digital CC Limited last year. Following the bitcoin price crash on 14th January, digitalBTC's trading volume spiked from under 10,000-48,000 shares....
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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....
Australian multi-service bitcoin company digitalBTC will make history today as the first cryptocurrency-focused company to trade on a major mainstream stock exchange. DigitalBTC, which began as a mining operation but also engages in bitcoin trading and is developing retail and consumer applications, debuted on the Australian Securities Exchange (ASX) this morning as Digital CC Limited (trading as digitalBTC. ASX code: DCC). The ASX has a daily turnover of over AUD$4.6bn (US$4.32bn) and a market cap of around AUD$1.6tn. Credibility rewards. The company views its new listing as crucial to....
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....
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 cryptocurrency firm DigitalBTC bought $10.1m worth of bitcoin in Q2 of this year, the company's latest quarterly report reveals. This brings the amount of bitcoin the company has purchased over the past 12 months to almost $29.7m. The report also shows DigitalBTC - the first crypto firm to list on Australian Securities Exchange (ASX), under Digital CC Limited - closed the quarter with an inventory of $1m in bitcoin. Nevertheless, the company reported a negative operating cashflow of $1.2m in Q2 of 2015 having received around $10.8m for operating activities, but spending close to....