Hardware News

Massive mining farm HyperBlock merges with massive mining farm CryptoGlobal, becomes monstrous mining farm

US based mining company, HyperBlock announced an agreement to absorb Canadian based mining operation CryptoGlobal through a purchase of all outstanding shares of the latter.  The total mining capacity of the new conglomerate will equal 28 megawatts distributed among 21,000+ miners.

The company’s current focus includes hosted mining, self-mining, and server hosting and sales.  CryptoGlobal acquired Blockchain Dynamics before the HyperBlock merger, which they have used to build “an SaaS-based Insights platform, specialized Crypto custodial storage and trading services.”  HyperBlock plans to continue providing service-based solutions to customers.

As crypto mining fervor continues into 2018, expect to see large and mediums size operations continue to consolidate.

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