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Bitcoin SV [BSV] could turn bearish as Coingeek and Squire Mining Acquisition Seems In Trouble


The dream of creating the largest, publicly traded Bitcoin miner seemed to have hit a roadblock as Squire Mining Ltd. announced that itself and Bigfoot Holdings Group Ltd. (operating as CoinGeek Mining & Hardware) have agreed to further extend exclusive negotiations to March 31, 2019, for Squire to acquire the mining assets owned by CoinGeek.

All doesn’t seem to be right at Squire Mining

Squire Mining had announced its plans to acquire Coingeek’s mining assets in mid last year as the advent of Bitcoin SV was to drive growth in the mining hardware sector, reinforcing the Squire team’s optimism on future growth prospects. Following the acquisition talks, Squire also started working on the development of its prototype FPGA (field programmable gate array) ASIC microchip for mining Bitcoin SV, Bitcoin and other SHA-256 associated cryptocurrencies.

But things seem to have fallen flat as the company reported its failure in getting the desired result after initial simulation testing of its…



Read Full Story : Coingape

2019-02-01 15:35:54

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