A new stock listing in Canada will soon give investors their first chance to buy into the booming market for computer chips driving most of the world’s bitcoin mining farms.
Hut 8 Mining Corp. which is set to debut on the TSX Venture Exchange in Toronto this month, is backed by Bitfury Group Ltd., the main competitor to the Chinese company that dominates the market.
"Hut 8 is a proxy for Bitfury in North America, that’s all it is," says Sean Clark, chief executive officer of Vancouver-based Hut 8. Bitfury -- the biggest Bitcoin miner outside China -- already has 172 megawatts of data centers globally, has mined over a million tokens, and estimates its most recent annual revenue was $350 million, according to investor documents.
https://www.bloomberg.com/news/articles/2018-02-12/bitcoin-chip-battle-brewing-behind-hut-8-s-canadian-listing
Topic: [2018-02-12] Bitcoin Chip Battle Brewing Behind Hut 8's Canadian Listing (Read 65 times)
February 12, 2018, 10:20:51 AM
Jump to: