- Cypherpunk Holdings (HODL) has entered into a profit sharing agreement with MineOn LLC, dba MiningStore, a large-scale hosted cryptocurrency miner
- Cypherpunk will lease 25 recently purchased bitcoin miners to MiningStore, which will host and operate the machines for Cypherpunk
- This investment will allow Cypherpunk to diversify its investment portfolio and allow Cypherpunk to continue accumulating cryptocurrency assets
- Cypherpunk Holdings Inc. is a Canadian-based holding company that invests in blockchain technologies and cryptocurrencies
- CypherpCypherpunk Holdings (HODL) is down 5.88 per cent, trading at C$0.24 per share at 3:45 pm ET
Cypherpunk Holdings (HODL) has entered into a profit sharing agreement with MineOn LLC, dba MiningStore, a large-scale hosted cryptocurrency miner.
Under the terms of the agreement, Cypherpunk has purchased 25 Bitmain S19J Pro miners for US$300,000 and has leased the equipment to MiningStore, which will host and operate the machines for Cypherpunk.
“Our focus of investing in cryptocurrency has now broadened to include mining,” Tony Guoga, Cypherpunk CEO, stated.
“This investment in cryptocurrency mining helps Cypherpunk diversify its investment portfolio and is intended to allow Cypherpunk to continue to accumulate cryptocurrency assets. Cypherpunk is in a position to be a supplier of Bitcoin (BTC) and not just a buyer.”
Cypherpunk Holdings Inc. is a Canadian-based holding company, set up to invest in technologies and cryptocurrencies with strong privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy, often within the blockchain ecosystem, including select cryptocurrencies.
Cypherpunk Holdings Inc. (HODL) is down 5.88 per cent, trading at C$0.24 per share at 3:45 pm ET.