CloudHashing

CloudHashing
PeerNova
Private
Industry
Founded London, England (2013)
Founder Emmanuel Abiodun
Headquarters

Area served
Worldwide
Key people
  • Emmanuel Abiodun, founder and CEO
  • Benjamin Gorlick, co-founder and COO
Services Bitcoin mining
Website cloudhashing.com

CloudHashing is a company that sells bitcoin mining contracts.[1][2] It is one of the largest bitcoin mining companies worldwide.[3] In May 2014, CloudHashing merged with HighBitcoin to create PeerNova.[4] PeerNova continues to sell mining contracts under the CloudHashing brand.[4]

CloudHashing is headquartered in London, England with offices in Austin, Texas and a computing facility in Reykjanesbær, Iceland.[3][5] Emmanuel Abiodun is the company's founder and chief executive officer.[5]

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.[5] After receiving investments from personal friends, Abiodun set up his first computing facility in Kansas City, Kansas in June of that year.[5] In October 2013, Abiodun opened the company's Reykjanesbær, Iceland computing facility.[5] The facility was opened with 100 bitcoin mining machines manufactured by a Swedish supplier.[5]

In March 2014, CloudHashing signed a deal with digitalBTC, an Australian bitcoin services firm, to incorporate CloudHashing's software into digitalBTC's mining hardware.[6][7]

January 2015, CloudHashing's deal with digitalBTC was dissolved after “key outcomes from the strategic agreement in March 2014 did not eventuate”. [8][9]

Service

CloudHashing sells bitcoin mining contracts, which allow customers to mine for bitcoins via CloudHashing's cloud-based computer network.[10] Contract plans are priced per gigahash of computing power.[11] The company's computer network is manufacturer agnostic, and contains equipment from multiple manufacturers of bitcoin mining hardware.[5][11] The majority of the CloudHashing computer network is located in Reykjanesbær, Iceland.[5][11] The company retains 20% of its network capacity for its own bitcoin mining operations.[3][5]

See also

References

  1. Paul Vigna (3/6/14). "BitBeat: Bitcoin Unmoved After Nakamoto Unmasked". Wall Street Journal. Retrieved 2014-04-22. Check date values in: |date= (help)
  2. "Bitcoin Mining: A High-Tech Arms Race?". Bloomberg TV. 1/9/14. Retrieved 2014-04-22. Check date values in: |date= (help)
  3. 1 2 3 David Gilbert (3/12/14). "CloudHashing.com Prepares $20 Million-a-Month Bitcoin Mining Operation". International Business Times. Retrieved 2014-04-22. Check date values in: |date= (help)
  4. 1 2 Daniel Cawrey (5/2/14). "CloudHashing, HighBitcoin Merge Hosted Mining with ASICs to Form PeerNova". CoinDesk. Retrieved 2014-05-19. Check date values in: |date= (help)
  5. 1 2 3 4 5 6 7 8 9 Nathaniel Popper (2013-12-21). "Into the Bitcoin Mines". The New York Times. Retrieved 2014-04-22.
  6. Hannah Francis (2014-03-20). "DigitalBTC inks deal with CloudHashing.com". Business Spectator. Retrieved 2014-04-22.
  7. "DigitalBTC inks supply deal with BitFury". The Australian. 4/4/14. Retrieved 2014-04-22. Check date values in: |date= (help)
  8. Nermin Hajdarbegovic (2015-01-30). "DigitalBTC Dissolves Bitcoin Mining Agreement with CloudHashing". CoinDesk.com. Retrieved 2015-01-30.
  9. Deepak Tiwari (2015-01-30). "DigitalBTC Dissolves Supply Agreement with CloudHashing". ForexMinute.com. Retrieved 2015-02-25.
  10. Danny Bradbury (2013-05-13). "Cloudhashing to offer Bitcoin Mining as a service – MaaS". CoinDesk. Retrieved 2014-04-22.
  11. 1 2 3 Daniel Cawrey (4/2/14). "Cloud Hashing CEO on Hardware, Network Growth and the Threat of Pools". CoinDesk. Retrieved 2014-04-22. Check date values in: |date= (help)
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