AI And Blockchain Firm, Core Scientific, Acquires Personal GPU Mining Software Startup Honeyminer
In a press release on Friday, AI and blockchain firm Core Scientific announced its acquisition of Stax Digital, the company behind Honeyminer for an undisclosed amount.
Honeyminer, a blockchain mining startup is the most widely used GPU program in the world. Launched in mid-2019 and spread across 167 countries, Honeyminer lets everyday PCs run unused GPU/computing power in the background to mine altcoins that are converted to bitcoins later for payouts. It can operate on more than 1400 makes and models of GPUs.
The acquisition comes on the part of Core Scientific’s bid to further develop its infrastructure and software solutions. It will equip Core Scientific with both cutting edge IP and an expert staff that comes with extensive product development experience and strong track record of developing mining solutions for GPUs.
The aim of Core Scientific is to improve its management and monitoring solution, Minder™ and extend its custom OS, MinderOS™ to develop the best-in-class mining solutions that can be embedded on any device or computer in the world.
Discussing the prospects for the newly expanded Core Scientific team, Kevin Turner, CEO said,
“We are very excited to close this transaction and welcome the Stax Digital team to Core Scientific. Their IP and proven experience in blockchain will enable us to continue enhancing the capabilities of our best-in-class blockchain hosting and application solutions”.
Noah Jessop, Star Digital’s CEO tweeted that 1 plus 1 equals a lot more than two and that the companies have huge plans for the future together.
With a host of announcements lined up, it will be interesting to see whether Core Scientific and Diggy together will churn up more potfulls of sweet honey or not.