Squire Raises $25.5 Million For Bitcoin ASIC Chips And Crypto Mining Rigs Production

    Square Mining Ltd. recently announced their plans to the public to develop the next generation of ASIC mining rigs and chips. Their plan involves the distribution of the rigs by an associate from, according to an agreement with the company that there will be no other distributors.

    Based on an announcement that came out on August 22nd, the company announced that they’d finally accrued the $25.5 million in funding that they needed for the development and sale of the tech. It would be primarily for the use of Bitcoin Cash, though it is possible to mind altcoins for individuals that use this SegWit technology.

    Squire Mining seems to be keeping on schedule, and they plan to keep up with their intention to test the systems out by the end of the year. After they test out their application, the chips and rigs will be turned over to for sale. They have collaborated with Future Farm Developments Ltd to form Arasystems Technology Corp., which will help them create and assemble the chip-powered rigs.

    In the partnership between Squire Mining and, will also control the marketing of these ASIC devices. In the starting sales, the main focus will be for Bitcoin BCH miners, since the coin benefits from the fact that it has the scalability and security needed to perform microtransactions.

    Simon Moore, the executive chairman of Squire, issued the following statement:

    “We are very excited to be partnering with a market leader such as and its associates. This partnership will allow us to quickly gain a strong foothold in a fast-moving, global marketplace.”

    Right now, it seems that Bitcoin BCH is the only cryptocurrency in the world that truly aligns with the intention behind the original whitepaper of Bitcoin creator Satoshi Nakamoto. To introduce the CoinGeek team to a larger public, miners at the enterprise skill level should attend the CoinGeek Week Conference. This conference is located in London, and it will occur in the last week of November.

    To purchase tickets for this event, visit Individuals that hold a bComm Association membership will receive a discount, though every purchase must happen in BCH.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Bitwise Plans To Target Retail Investors With Its Crypto Index Fund

    Bitwise has revealed that plans are underway to allow the retail market to participate in its large-cap index service. According to CoinDesk, Bitwise is working...

    Binance's Educational Platform Opens Up Government Approved Office in Shanghai

    Binance, one of the most popular crypto exchanges in the crypto-verse which also has many subsidiaries including Binance Academy (a blockchain and crypto-centred educational...

    XRP Trying to Retrace Months of Underperformance But Remains in a “Corrective” Structure

    XRP is up 12.5% but could still jump another 23%, A clean break above $0.21 would be “very bullish” Ripple granted an exemption...

    23k BTC on CME Futures and 50k BTC in Options Expiring Today

    Bitcoin is currently down 0.05% in the past 24 hours trading around $6,640 after hitting $6,872 last night, yet again rejected at $7,000 level....

    Microsoft Files Patent To Mine Cryptocurrencies With Verified Body Activity Data

    Giant software manufacturer, Microsoft is seeking to capitalize on the new crypto hype. The firm is seeking to introduce its own cryptocurrency that will...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.