There's a lot of weird details behind this Squire mining company. They are currently in talks with coingeek to buy/merge their mining farm of 1000TH into the company. apparently this is already up and running under the coingeek umbrella.
but there's also been another side company of squire that was claiming to have the most efficient bitcoin mining prototype on the market (claiming to be about 25% more efficient/powerful then the competition).
coingeek was supposed to be the one to market/promote these miners and sell them to customers.
but that all seems to be up in the air now since apparently, the miners, no surprisingly, are not up to spec.
as a consequence, the stock price for squire mining is now in the dumps down 25% on the day to 0.19 cents CANADIAN. It reached a high of 82 cents back in September...
And the CEO just resigned. the second CEO to resign in less then a year...
www.reddit.com/r/bit...mpany_is_blowing_up/
but there's also been another side company of squire that was claiming to have the most efficient bitcoin mining prototype on the market (claiming to be about 25% more efficient/powerful then the competition).
coingeek was supposed to be the one to market/promote these miners and sell them to customers.
but that all seems to be up in the air now since apparently, the miners, no surprisingly, are not up to spec.
as a consequence, the stock price for squire mining is now in the dumps down 25% on the day to 0.19 cents CANADIAN. It reached a high of 82 cents back in September...
And the CEO just resigned. the second CEO to resign in less then a year...
www.reddit.com/r/bit...mpany_is_blowing_up/