Company:CloudHashing

From HandWiki
CloudHashing
PeerNova
TypePrivate
Industry
FoundedLondon, England (2013)
FounderEmmanuel Abiodun
Headquarters
Area served
Worldwide
Key people
Emmanuel Abiodun, founder and chief executive officer
ServicesBitcoin mining
Websitecloudhashing.com

CloudHashing is a company that sells bitcoin mining contracts.[1][2] It is one of the largest bitcoin mining companies worldwide.[3]

CloudHashing is headquartered in London, England with offices in Austin, Texas and a computing facility in Reykjanesbær, Iceland.[3][4] Emmanuel Abiodun is the company's founder and chief executive officer.[4]

History

Emmanuel Abiodun, a former software engineer for JP Morgan and contractor for HSBC, founded CloudHashing in 2013 after mining bitcoins at his house in London.[4] After receiving investments from personal friends, Abiodun set up his first computing facility in Kansas City, Kansas in June of that year.[4] In October 2013, Abiodun opened the company's Reykjanesbær, Iceland computing facility.[4] The facility was opened with 100 bitcoin mining machines manufactured by a Swedish supplier.[4]

In March 2014, CloudHashing signed a deal with digitalBTC, an Australian bitcoin services firm, to incorporate CloudHashing's software into digitalBTC's mining hardware.[5][6] In the same month, According to the reports, CloudHashing prepared $20 million bitcoin mining operation.[7]

In June 2014, CloudHashing stated that it mined over 35 thousand bitcoins in the last eight months at an equivalent value of over US$21 million based on BTC price of that time.

January 2015, CloudHashing's deal with digitalBTC was dissolved after “key outcomes from the strategic agreement in March 2014 did not eventuate”.

In November 2016, the company stated the cloudhashing service has been discontinued.[citation needed]

See also

References

  1. ↑ Paul Vigna (6 Mar 2016). "BitBeat: Bitcoin Unmoved After Nakamoto Unmasked". Wall Street Journal. https://blogs.wsj.com/moneybeat/2014/03/06/bitbeat-bitcoin-unmoved-after-nakamoto-unmasked/. Retrieved 23 Oct 2018. 
  2. ↑ "Bitcoin Mining: A High-Tech Arms Race?". Bloomberg TV. 9 Jan 2014. https://www.bloomberg.com/video/bitcoin-mining-a-high-tech-arms-race-E2uHxp0QSymrfiAbam4JCg.html. Retrieved 2014-04-22. 
  3. ↑ 3.0 3.1 David Gilbert (12 Mar 2014). "CloudHashing.com Prepares $20 Million-a-Month Bitcoin Mining Operation". International Business Times. http://www.ibtimes.co.uk/cloudhashing-com-prepares-20-million-month-bitcoin-mining-operation-1440039. Retrieved 2014-04-22. 
  4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 Nathaniel Popper (2013-12-21). "Into the Bitcoin Mines". The New York Times. https://dealbook.nytimes.com/2013/12/21/into-the-bitcoin-mines/?_php=true&_type=blogs&_r=0&module=ArrowsNav&contentCollection=Business%20Day&action=keypress&region=FixedLeft&pgtype=Blogs. Retrieved 2014-04-22. 
  5. ↑ Hannah Francis (2014-03-20). "DigitalBTC inks deal with CloudHashing.com". Business Spectator. http://www.businessspectator.com.au/news/2014/3/20/digitalbtc-inks-deal-cloudhashingcom. Retrieved 2014-04-22. 
  6. ↑ Hannah Francis (4 Apr 2014). "DigitalBTC inks supply deal with BitFury". The Australian. https://www.theaustralian.com.au/business/business-spectator/digitalbtc-inks-supply-deal-with-bitfury/news-story/1a2db01bbc140d671487a1fa580f13ee. Retrieved 23 Oct 2018. 
  7. ↑ Gilbert, David (2014-03-12). "CloudHashing.com Prepares $20 Million-a-Month Bitcoin Mining Operation" (in en). International Business Times UK. http://www.ibtimes.co.uk/cloudhashing-com-prepares-20-million-month-bitcoin-mining-operation-1440039. 




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