#digitalbtc

DigitalBTC Dissolves Bitcoin Mining Agreement with CloudHashing

30 January 2015 | Nermin Hajdarbegovic | Coindesk.com

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.

DigitalBTC Inks Deal With Spondoolies-Tech to Expand Mining Operation

Australian bitcoin company digitalBTC is expanding its mining capacity and entering a new contract with data centre provider Verne Global. The company said it is acquiring new bitcoin mining hardware from manufacturer Spondoolies-Tech, although the exact details were not revealed. DigitalBTC did say, however, that the new hardware will expand its processing capacity by approximately 40% for […]

DigitalBTC Inks Deal With Spondoolies-Tech to Expand Mining Operation

23 January 2015 | Nermin Hajdarbegovic | nasdaq.com

Australian bitcoin company digitalBTC is expanding its mining capacity and entering a new contract with data centre provider Verne Global.

The company said it is acquiring new bitcoin mining hardware from manufacturer Spondoolies-Tech, although the exact details were not revealed.

DigitalBTC did say, however, that the new hardware will expand its processing capacity by approximately 40% for a “small outlay” of about $700,000. When it launched in early 2014, digitalBTC relied on BitFury mining hardware.

DigitalBTC Selloff Prompts Questions from Australian Securities Exchange

19 January 2015 | Nermin Hajdarbegovic | Coindesk.com

Australian bitcoin company Digital CC Limited, which trades as ‘digitalBTC’, experienced a big selloff on the Australian Securities Exchange (ASX) last Friday.

The sudden and drastic increase in trading volume prompted the ASX to send a formal notice to the firm the very same day, asking whether or not there was any undisclosed information that could have prompted the selloff.

The firm started trading on the ASX following a reverse takeover of Digital CC Limited last year.

DigitalBTC Signs Bitcoin Mining Hardware Deal with BitFury

By Nermin Hajdarbegovic, Coindesk.com

DigitalBTC has inked a strategic hardware supply agreement with BitFury, one of the leading manufacturers of bitcoin mining equipment.

The company is owned by Australian investment firm Macro Energy, which acquired Digital CC and its subsidiary digitalBTC last month. Thanks to the acquisition, the firm became the first bitcoin-related business to be listed on the Australian Stock Exchange (ASX).

Bitcoin deal down under with Aussie firm and UK Bitcoin operation

By Victoria Wagner Ross, examiner.com

A win-win strategic partnership has been announced this afternoon by Australian investment firm Macro Energy Limited, which just acquired digitalBTC, and CloudHashing.com, a company that allows customers to pay to use its servers to mine bitcoin, reports CoinDesk this afternoon.

This arrangement for mining via the cloud rather than investment in bitcoin computer equipment and maintenance operation is extremely cost efficient in saving for Bitcoin miners. Macro has announced its plans to raise AU$9.1million as part of the digitalBTC deal.

The agreement makes it possible for CloudHashing.com software to be placed onto the digitalBTC bitcoin hardware. It has location sites in Iceland and Texas. Management of the hardware at these operation sites will be CloudHashing.com and there will be reciprocal arrangements for the supply of the mining computer equipment.

DigitalBTC to Enter Strategic Partnership With CloudHashing.com

By Nermin Hajdarbegovic, Coindesk.com

Australian investment firm Macro Energy Limited, which recently acquired digitalBTC, has announced a strategic agreement with CloudHashing.com – a company that lets customers pay to use its servers to mine bitcoin, rather than invest in their own rigs.

Macro is planning to raise AU$9.1m as part of the digitalBTC deal and last week it said it will invest the money in mining operations and the expansion of other digitalBTC operations.

It now appears that a sizable chunk of the investment will go toward the newly announced strategic deal with CloudHashing.com.