After reportedly shelling out $1.1 million for the bitcoins.com domain, Geniuses at Work (GAW) has reportedly purchased a controlling stake in ZenMiner for $8 million.
GAW is a mining equipment manufacturer whose stated offering differentiates itself in leveraging expertise from other business segments such as internet service and advanced telephony. One of its featured product sets is low power miners.
FXTM Appoints Marcelo Spina as Global Head of PartnershipsGo to article >>
ZenMiner offers cloud-hosted mining services. GAW says it will utilize their technology to streamline partner integration and accelerate the development of “Project Prime”, a new platform slated for launch later this year. The acquisition also grants ZenMiner access to a much larger pool of capital than it had previously. ZenMiner President Eric Capuano will now become GAW’s General Manager of its “ZenMiner Division”. Said Capuano:
“GAW’s can pump far more resources into ZenMiner’s R&D than we could ever dream of alone. With their support, we can add game-changing features like hardware trading, instant activation, and cutting-edge pools to our customers even faster.”
If confirmed, the acquisition would rank as one of the largest ever in the crypto mining industry.