BTCS Inc (OTCMKTS:BTCS) reported that the company has expanded its Ethereum-mining hosting operations to nearly 150 kilowatts, up from about 50kw reported in March 2016. Charles Allen, the CEO, said that they have gained considerable expertise since introducing the Ethereum pilot program earlier in this year.
Ethereum has jumped to almost 20% of the market capitalization of Bitcoin in last two years, driven by growing support and rapid adoption from major players in finance and tech including Coinbase and Gemini. The management believes that their experience, along with additional capital, will enable them to expand Ethereum mining operations. It will also help them to diversify their exposure to bitcoin, and to deploy more of BTCS’s available power capacity.
Allen added that with the year-to-date jump in the problems of mining Bitcoins, and the economics displayed by Ether, they have taken the opportunity to offer some of their early-generation ASIC servers. They have entered into initial talks with a designer of dedicated Ether mining servers. BTCS is exploring the prospect of being the sole hardware assembler for the respective designer.
Ether mining servers’ use off the shelf custom software, computer hardware, and can be manufactured with limited investment. The company has the space to run the assembly operations at NC facility, and they are in discussions to become the sole distributor. Allen said that while they can provide no guarantee that any relationship or partnership will materialize, they are presently hosting their first-gen prototype servers. The company intends to offer updates on this plan as it develops.
BTCS reported that Ethereum is a blockchain and digital currency platform. Like bitcoin-linked blockchain know-how, the decentralized network of Ethereum allows deals without downtime, fraud, censorship, or third-party interference. So far in this year, the value of Ether, in USD terms, has jumped more than 1,300% of market cap of Ether, exceeding $1 billion.
Life Clips Inc (OTCMKTS:LCLP) Focused On International Growth
Life Clips Inc (OTCMKTS:LCLP) is aggressively pursuing growth opportunities on the international scene seen by the kind of deals it has been signing in the recent past. It all started with the signing of a distribution agreement with Hong Kong’s Shepherd limited. The agreement is for the company’s disposable and recyclable battery Mobeego.
With Shepherd connections, Life Clips should be able to expand its wings in Mainland China as well as Hong Kong. The action camera maker has also received a purchase order from its Finish distributor DFJ Collections OY. The deal is expected to make the company’s Mobeego product available on the cruise ship, tourism business given DFJ collections connections.
The signing of a distribution agreement for 400,000 units of Mobeego by Barak Corporation Spain all but affirms Life Clips prospects on the international scene. The deal is expected to make the product available in Spain and Portugal as the company continues to pursue new opportunities.