Former GAW Manager: $8 Million ZenMiner Investment 'A Total Lie'
A former employee of GAW Miners is claiming that the company's previously announced $8m investment in the cloud mining firm ZenMiner never took place. In a new post on the GetHashing forum, former ZenMiner chief Eric Capuano set forth the allegation, the latest in a string of controversies affecting the mining firm. Capuano is among a number of individuals to depart the company earlier this year. While rumors that the ZenMiner purchase never occurred have circulated for months, this is the first time a former GAW staff member has stated the $8m investment was a fabrication. GAW said in....
Related News
The Securities and Exchange Commission (SEC) has sought judgments against Homero Joshua Garza, GAW Miners and ZenMiner, LLC, claiming they engaged in selling fraudulent investments in virtual currency mining operations. The motion filed in the U.S. District Court District of Connecticut claims the defendants did not have the computing power needed to generate the profits they promised to investors. In addition, the investment contracts were not registered with the SEC as required. The SEC ordered the defendants to pay $10,384,099 in disgorgement plus prejudgment interest, along with civil....
The Geniuses at Work Corporation, the parent company of bitcoin mining hardware specialist GAW Miners, has acquired a controlling stake in cloud mining provider ZenMiner for $8m. GAW Miners had originally announced a partnership deal with ZenMiner earlier this month. At the time, ZenMiner agreed to provide cloud hashing services as part of a broader strategic partnership. In the latest deal, GAW Corp. acquired a controlling stake in the cloud hosting company. GAW CEO Josh Garza told CoinDesk, the stake purchase follows a period of close collaboration between the two companies, and that the....
GAW & Zenminer Cloud mining operations have been 'indefinitely put on hold' [sic]. That is the message that greets the Zenminer cloud users while logging into their portal. Zenminer cloud informs the logged in users that this is a move to protect the user's value and to reduce risk. The reasons given are these two, as shown in the image on the right: Continued mining places customer's value at risk. Customers mining efforts at risk. Thanks to all of the factors mentioned below: Bitcoin Roller Coaster Price fluctuations. Unstable Market Conditions. Diminishing Bitcoin Value. Unbalanced Cost....
In a ground breaking move Zenminer partnered with GAWMiners to bring a new miner operating system control unit and ecosystem to the market place. Groundbreaking Deal Between GAWMiners and Zenminer Will Revolutionize Mining! The new controller is called the zenController and will allow for simple setup and use of almost any miner that needs a controller. It will do so in a secure environment and will allow anyone to pick up mining. I spoke on the phone with Thomas Fraser of Zenminer, Josh Garza, and Rami Abramov of GAWMiners for an hour getting details of the new controller, hardware that....
Skybridge Bitcoin Fund’s assets under management have risen to $310 million. Expecting the cryptocurrency to become a digital replacement for gold, the firm reportedly values bitcoin at $535,000. Skybridge also predicts that bitcoin’s price will reach $100,000 this year. Skybridge Invests $310 Million in Bitcoin New York-headquartered Skybridge Capital is a global investment manager that provides investment solutions to individuals and institutions. Skybridge announced the launch of its bitcoin fund to outside investors on Monday after launching with $25.3 million of its own....