Negotiations To Discuss Acquisition Of CoinGeek Assets Extended By Squire Mining
Negotiations To Discuss Acquisition Of CoinGeek Assets Extended By Squire
A press statement released on 2nd January 2019 in Vancouver by Bigfoot Holdings Group Ltd. And Squire Mining Ltd. indicates that the two parties have jointly agreed to extend their negotiations for CoinGeek assets to 31st January 2019. Bigfoot Holdings Group Ltd. is currently trading as CoinGeek Mining and Hardware.
The report notes that the negotiations are aimed at clearing the way for Squire to acquire all the cryptocurrency mining assets owned by the former. The assets and its affiliates are expected to provide Squire with about one million terahash. This can also be equated to approximately 960 petahash of computing power.
CoinGeek mining and hardware assets will also include other assets associated with the blockchain infrastructure. These are assets that are being referred to as the “transaction” in the negotiations being carried out by representatives from both entities.
Once these negotiations are complete, Squire is expected to become the leading crypto mining company in the global. It will also become the biggest publicly traded mining company in the world in terms of the number of terahash that are executed in a single second.
Additional Information On Squire Mining
Squire is a cryptocurrency mining company that is based in Vancouver, Canada. Through its various subsidiaries, the firm is engaged in manufacturing and producing systems, technological gadgets, and data mining infrastructure that can be used to support blockchain-based applications around the globe.
Some of its releases include the ASIC (application specific integrated circuit) chips. It is also credited with manufacturing and introducing next generational mining rigs that can be used to mine Bitcoin Core, Bitcoin SV, and all their associated cryptocurrencies.
CoinGeek Mining And Hardware
This is a company that operates an armada of ASIC chip miners spread out across the world. CoinGeek Mining and Hardware is also credited with being a leading provider of the hash power that was used in securing the Bitcoin SV. It is important to note that the Bitcoin SV is currently described as comprising of an enterprise-grade blockchain infrastructure.
The professional team at CoinGeek has over the years been credited with coming up with industry-leading practices. These are practices that have been put into use to make sure that its fleet of mining rigs always operates at top performance. The rigs are able to do so while ensuring that they get to optimize their overall cost profile in a bid to make sure that they get to maximize on their overall profitability.
Bitcoin SV Commemorative Coins
CoinGeek has also announced that it will be auctioning a total of twenty-one commemorative silver coins that were manufactured to help mark the Bitcoin Block mining genesis. In its press release, the company announced that forty-two coins will be produced, but only twenty-one will be auctioned with one coin being donated to a Bitcoin member community.
The coin will be given to a community member who has been very active in protecting the initial Bitcoin SV. Another coin will be donated to The Royal Mint. The coin is expected to weigh sixty grams.