On Wednesday, August 15, blockchain firm and mining organization Coingeek, led by entrepreneur Calvin Ayre, announced that the company has signed a deal with Canada-based Squire Mining Limited. Coingeek details the company will have exclusive rights to Squire’s new ASIC chips and mining rigs that mine bitcoin cash (BCH) and a variety of other cryptocurrencies.
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Coingeek Partners With Squire Mining to Deploy Next-Generation ASIC Hardware
News.Bitcoin.com recently reported on Squire Mining Limited (CSE: SQR) securing $25,500,000 CAD (~$19.5 million USD) in private placement financing and its exclusive distributor agreement. According to the company, Squire plans on using the funds to deploy a next-generation 10nm application-specific integrated circuit (ASIC) and mining rig. Following this announcement, Coingeek revealed the company has entered into a partnership with Squire. The deal will allow Coingeek the right to market, promote, solicit, and sell the new ASIC semiconductors and mining rigs using the Coingeek logo and brand.
“This next generation equipment is being designed with a projected hashrate that is expected to be significantly faster while utilizing less power than the leading crypto-mining equipment currently available on the market today,” Coingeek explains.
Moreover, Squire has also entered into an exclusive distributor agreement with associates of Bitcoin BCH’s largest mining company, Coingeek.com, which will be granted the exclusive right to market, promote, solicit, sell and distribute Squire’s new ASIC chips and mining rigs to Bitcoin BCH and other altcoin miners throughout the world.
Over the last few weeks, Coingeek has become the largest bitcoin cash (BCH) miner by hashrate.
