CloudHashing

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CloudHashing
PeerNova
Private
Industry
FoundedLondon, England (2013)
FounderEmmanuel Abiodun
Headquarters
Area served
Worldwide
Key people
Emmanuel Abiodun, founder and chief executive officer
ServicesBitcoin mining
Websitecloudhashing.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[edit]

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] In the same month, According to the reports, CloudHashing prepared $20 million bitcoin mining operation.[8]

In June 2014, CloudHashing stated that it mined over 35 thousand bitcoins in the last eight months at an equivalent value of over US$21 million based on BTC price of that time.[9]

January 2015, CloudHashing's deal with digitalBTC was dissolved after “key outcomes from the strategic agreement in March 2014 did not eventuate”.[10][11]

In November 2016, the company webpage had the following message: "The cloudhashing service has been discontinued. If you are a previous cloudhashing customer awaiting payment of your account balance, please email payment12779@cloudhashing.com..."

See also[edit]

References[edit]

  1. ^ Paul Vigna (6 Mar 2016). "BitBeat: Bitcoin Unmoved After Nakamoto Unmasked". Wall Street Journal. Retrieved 23 Oct 2018.
  2. ^ "Bitcoin Mining: A High-Tech Arms Race?". Bloomberg TV. 9 Jan 2014. Archived from the original on 2014-04-27. Retrieved 2014-04-22.
  3. ^ a b David Gilbert (12 Mar 2014). "CloudHashing.com Prepares $20 Million-a-Month Bitcoin Mining Operation". International Business Times. Retrieved 2014-04-22.
  4. ^ a b Daniel Cawrey (2 May 2014). "CloudHashing, HighBitcoin Merge Hosted Mining with ASICs to Form PeerNova". CoinDesk. Retrieved 2014-05-19.
  5. ^ a b c d e f 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. ^ Hannah Francis (4 Apr 2014). "DigitalBTC inks supply deal with BitFury". The Australian. Retrieved 23 Oct 2018.
  8. ^ Gilbert, David (2014-03-12). "CloudHashing.com Prepares $20 Million-a-Month Bitcoin Mining Operation". International Business Times UK. Retrieved 2017-11-16.
  9. ^ Cyril Gilson (20 June 2014). "Mining with your head in the cloud gets cheap with CloudHashing". Cointelegraph. Retrieved 23 Oct 2018.
  10. ^ Nermin Hajdarbegovic (2015-01-30). "DigitalBTC Dissolves Bitcoin Mining Agreement with CloudHashing". CoinDesk.com. Retrieved 23 Oct 2018.
  11. ^ Deepak Tiwari (2015-01-30). "DigitalBTC Dissolves Supply Agreement with CloudHashing". ForexMinute.com. Archived from the original on 2015-09-24. Retrieved 2015-02-25.