Bitcoin Company Spondoolies-Tech Made $28 Million Last Year
Spondoolies-Tech, the Israeli company that is merging with Bitcoin Shop to consolidate their enterprises and resources, announced today that last year it had brought in about twenty-eight million dollars. By comparison, many other companies in the Bitcoin world are still in the venture capital funding phases of their progression. Spondoolies' integration with Bitcoin Shop will focus largely on developing a seamless Bitcoin mining platform, using hardware developed by Spondoolies. Spondoolies-Tech Bitcoin mining hardware is widely respected as industry standard. In November, CCN reviewed....
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Bitcoin Shop Inc. has invested $1.5 million in Spondoolies-Tech Ltd., an Israel-based bitcoin mining company. The investment follows the announcement that BTCS and Spondoolies plan to merge. The investment marks the first step of the merger. The two companies will create the first publicly-traded company to produce bitcoin transaction verification equipment. It will also deploy bitcoin mining resources. BTCS purchased a 6.6 percent equity interest in Spondoolies. It receives exclusivity rights and pricing for current and future Spondoolies products as well as a $1 million breakup fee....
Spondoolies-Tech, the bitcoin hardware and cloudmining company has stopped operations. The Bitcoin industry can get unpredictable sometimes, just like the value of digital currency. In one such sudden, out of the blue announcement, Spondoolies-Tech’s CEO, Guy Corem in a post on the company’s page has announced that they have shut down their operations. The Israeli Bitcoin hardware and mining solutions firm has been one of the leading transaction server manufacturers in the bitcoin industry. The news about the company shutting down its operations comes close to the recent merger between....
The first time we heard about Spondoolies-Tech was at the 2014 Amsterdam conference. I had a chance to talk to the company leaders and ask about their product. You can find the interview that was made with them below. The mining hardware provider sector is getting bigger and bigger. People are not risking to pre order as their trust have been vanished because of scam companies, failed deliveries or used products. It is great to see a company who entered the market with a ready product. Spondoolies-Tech did not take money in advance for their SP 10 to tape out their chip. They first made....
Spondoolies -Tech has one of the most impressive new chips on the SHA-256/Bitcoin mining scene at the moment. Their miners based on the Hammer ASIC chip have been very aggressively priced and starting at 1.4 th/s they also start at a high speed from the start. Having read about them and seeing one up close in NYC, I wanted to know more. Spondoolies-Tech Hammer ASIC. I contacted Gadi Glikberg to see if I could get more information. He did large step better and got me and interview with Guy Corem the CEO of. Spondoolies-Tech. Spondoolies-tech, was founded in August of last year by Guy Corem....
A leaked brief from Israeli bitcoin miner manufacturer Spondoolies-Tech has surfaced online, revealing more details about the RockerBox ASIC behind its SP-30 unit, which it bills as "the most powerful miner available". The manufacturer is gearing up to introduce its SP-30, codenamed Yukon, by the end of summer. With an effective hash rate of 5.4-6.6 TH/s at a nominal power consumption of 2,500W, the bitcoin miner comes in a 2 U rack with two 1,200W power supply units and is cooled by four 80mm fans. Spondoolies-Tech co-founder Guy Corem spoke with CoinDesk earlier this year on how the....