Bitfury-Backed Bitcoin Miner Hub 8 Prepares to Go Public

A mining company backed by Bitfury is set to become publicly listed later this month in Canada.

Bloomberg reports that Hut 8 Mining Corp will appear on the TSX Venture Exchange, headquartered in Toronto. Back in December, Hut 8 announced that it was partnering with Bitfury in order to “acquire, install, maintain and operate North America’s largest bitcoin mining datacenters.”

At the time, the partnership details indicated that Bitfury would provide a suite of hardware and software tools, as well as logistical support, to fuel Hub 8’s North American expansion plans.

Indeed, Sean Clark, who leads Hut 8, described the company as “a proxy for Bitfury in North America,” positioning the move as a way to tap new funds as part of its continuing scaling efforts.

“We found a perfect vehicle to capitalize incredibly quickly. Bitfury now is going to rebalance the global network,” he told the publication.

Hut 8 has spent the last two months raising capital and ramping up its operations to open its mining facilities. Notably, in December the company offered 13.2 million shares in a private placement funding round, seeking to raise $33 million at the time. The Globe and Mail reported in January that the company ultimately raised $38 million.

Image Credit: Dan Kosmayer / Shutterstock.com

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Bitcoin MiningBitFuryBitmainBitcoinCrypto-MiningHut 8

Nguồn: Sưu tầm

For more okchances with coins, click here

Leave a Reply

error: Bài viết được bảo vệ!