Squire Mining to Purchase CoinGeek for $45 Million

[kreslik.news]

Squire Mining, a Vancouver-based company that designs ASIC chips, is to purchase CoinGeek, a cryptocurrency news site and mining pool operator.

This is significant because Squire Mining (market capitalisation $35.4 million) shares are traded on a number of stock exchanges worldwide, so this deal has created the world’s biggest publicly traded cryptocurrency mining operation. Bitmain of Beijing, the biggest mining entity in the world, is still waiting for approval to go public in Hong Kong.

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Sixty two thousand machines

Squire Mining and CoinGeek first went into partnership in August. Under the terms ... (read more)