Giant mining company sold with 62,440 ASIC for $ 45 million | Bitcoin,Crypto and Blockchain news and dictionary

Giant mining company sold with 62,440 ASIC for $ 45 million

Squire Mining, a company listed on the Canadian Stock Exchange, announced on Friday that it has acquired CoinGeek and its subsidiaries.

The company is now coincomed to CoinGeek Technologies Ltd. the world’s largest public crypto-money mining operation.

Under the agreement, Squire will take over 62,440 ASIC mining installations with an estimated power of 960,000 TH / s and 90MW of power consumption. These assets are currently located in the US, Canada and Kazakhstan. There are 35,940 units in the US, 6,000 in Canada and 20,500 ASIC in Kazakhstan.

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