30 Jan '15, 1pm

DigitalBTC Dissolves Bitcoin Mining Agreement with CloudHashing

DigitalBTC Dissolves Bitcoin Mining Agreement with CloudHashing

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 agreement stipulates that 8,276,465 ordinary shares in the company (4.9% of the issued capital) are to be cancelled for nil consideration, delivering a net benefit to all remaining shareholders by reducing the total number of ordinary shares on issue. In addition, 3,742,520 Performance Rights ...

Full article: http://www.coindesk.com/digitalbtc-dissolves-bitcoin-mini...

Tweets

BitFury Exploring Options in Bitcoin Cloud Mining Market

BitFury Exploring Options in Bitcoin Cloud Mini...

coindesk.com 28 Jan '15, 11pm

Bitcoin mining company BitFury is looking to enter the cloud mining market. BitFury has given no indication as to when its...

Bitcoin Mining Firm CoinTerra Files for Chapter 7 Bankruptcy

Bitcoin Mining Firm CoinTerra Files for Chapter...

coindesk.com 27 Jan '15, 4pm

Bitcoin mining company CoinTerra has filed for bankruptcy. CoinTerra has between $10m and $50m in assets, with liabilities...

Cloud #Mining Suffers as Hash Rate Plateaus #Bi...

devbattles.com 25 Jan '15, 6pm

The latest bitcoin price crash has started a new debate on the long-term viability of many aspects of the mining industry....

Mining bitcoin has become a huge, ruthlessly competitive business. But is it a profitable one?

Mining bitcoin has become a huge, ruthlessly co...

economist.com 22 Jan '15, 5am

A HUGE aircraft hangar in Boden, in northern Sweden, big enough to hold a dozen helicopters, is now packed with computers—...

Report: Bitcoin Mining Firm CoinTerra Files for...

datacenterknowledge.com 28 Jan '15, 9pm

CoinTerra , Austin-based vendor of bitcoin mining servers and provider of hosting services for mining equipment, has filed...

Bitcoin Mining Firm KnCMiner Raises Further $15...

coindesk.com 03 Feb '15, 12pm

Bitcoin mining company KnCMiner has raised $15m in Series B funding. Led by international venture capital fund Accel Partn...

Bitcoin Daily Digest: Silk Road Trial, ISIS, Cointerra Bankruptcy and more:

Bitcoin Daily Digest: Silk Road Trial, ISIS, Co...

cointelegraph.com 30 Jan '15, 1pm

The Silk Road trial continues, with Ross Ulbricht accused of turning to violence to silence a whistle-blower. The third we...

Gatecoin Launches Bitcoin Exchange with ‘Segregated Bank… #Gatecoin #Bitcoinexchange

Gatecoin Launches Bitcoin Exchange with ‘Segreg...

cointelegraph.com 30 Jan '15, 11am

Hong-Kong based Gatecoin Limited launches new Bitcoin exchange with "bank-grade security measures," including segregated c...

BitFury Eyes Bitcoin Mining Advantage With Immersion Cooling Acquisition

BitFury Eyes Bitcoin Mining Advantage With Imme...

coindesk.com 22 Jan '15, 4pm

BitFury Group has signed an agreement to acquire Allied Control, a Hong Kong-based tech startup that provides cooling syst...

#Bitcoin

coindesk.com 25 Jan '15, 4pm

The latest bitcoin price crash has started a new debate on the long-term viability of many aspects of the mining industry....

Inside a Chinese bitcoin mining facility [video]

holykaw.alltop.com 07 Feb '15, 6pm

While the United States is undergoing a boom in oil mining, the Chinese are having a similar boom––but a virtual boom, in ...

#bitcoin 'Lower Bitcoin Prices are More in Favo...

cointelegraph.com 30 Jan '15, 3pm

Unfortunately lower Bitcoin prices are more in favor for bad actors and ponzi schemes since they are not really mining in ...