Cryptocurrency Markets Improve as Bitcoin Hits a Three-Week High - Seite 2

"It is a unique time to invest in the crypto and blockchain business," said Bitzumi founder and executive chairman, Scot Cohen. "We see the trend in global trading volume and search traffic relating to cryptocurrency and blockchain continuing. Bitzumi does not bet on any one cryptocurrency but rather on the growth of the industry. In launching Bitzumi's Reg A+ offering, we hope to offer all investors the opportunity to participate in what we anticipate will be the next seismic shift in the way all business is conducted," said, Bitzumi co-founder, James Altucher.

In other cryptocurrency, blockchain developments: 

Marathon Patent Group, Inc. (NASDAQ: MARA) closed up slightly on Tuesday at $2.68 by the market close. MARA recently announced that the Company's wholly owned subsidiary Marathon Crypto Mining, Inc., has executed a lease for 26,700 square feet of a 48,600 square foot purpose-built facility in Quebec. As our operations grow, we have the option to lease the entire building. The facility is expected to be completed by month end when the Company anticipates putting its recently purchased 1,400 Bitmain's Antminer S9 miners ("Antminer S9s") into production. The 1,400 Antminer S9s are expected to utilize an estimated 2.0 MW of power once fully deployed and add approximately 19 Ph/s of ASIC mining capacity. The Antminer S9s are able to mine any cryptocurrency using the SHA256 algorithm, including Bitcoin and Bitcoin Cash.

Long Blockchain Corp. (NASDAQ: LBCC) this month announced that it will not acquire the 1,000 Antminer S9 mining rigs and 1,000 APW3++ PSUs pursuant to its previously announced purchase agreement. After thoughtful consideration and in consultation with outside technology advisors, the Company will instead focus its efforts on seeking to enter into and ultimately consummate its previously announced proposed merger with Stater Blockchain Limited ("Stater"), a technology company focused on developing and deploying globally scalable blockchain technology solutions across the financial markets, and exploring additional opportunities and strategic investments across the ancillary blockchain ecosystem. Shamyl Malik, head of the Company's Blockchain Strategy Committee, commented, "While we continue to believe in the value of mining equipment to the blockchain ecosystem, the purchase of these machines - which was negotiated as a no-risk option to the Company - was just one of the multiple strategic avenues we have been considering.