HIVE Blockchain Technologies Ltd (HIVE, a crypto-mining companies operates in Scandinavian region), and Argo Blockchain has formed a strategic partnership with the aim in establishing the largest purpose-built business-to-business mining service provider in the world. This newly-established partnership will enable the miners to take advantage of the combination of the two groups existing mining capacity.
A London-listed cryptocurrency mining company, Argo Blockchain in its latest press release has announced that it has invested in 1,000 new mining rigs. Firms executive chairman explained, “Argo expects to turn EBITDA break-even in the second half of this year. We strongly believe that the cryptocurrency market has considerable long-term potential to become a major asset class and that the correct strategy is to continue to invest in mining infrastructure at current prices.”
A 56-year-old Romanian-Australian businessman, Frank Timiș has been revealed to be stakeholder in Bitcoin mining company, Argo Blockchain after a company shakeup that led to the ouster of two top Argo executives. He now owns 14% of shares of the company, has been linked with Rothschild Bank, has been looking at cryptocurrency and the disruptive power for sometime now is planning an overhaul of the company’s entire business plan earlier this year.
The lawmakers in the U.S. state of Colorado have recently shared their plan in adopting the innovative technology of blockchain in the agricultural industry. A total of four representatives and senators from the state have teamed-up in filing the bipartisan house bill 1247 for the implementation of blockchain technology in enhancing the agricultural operations in the state.
France’s President Emmanuel Macron in a discussion spoke about blockchain technology which can be used to boost the agricultural industry as well as address concerns related to the food industry. To quote him: “Let’s do this in Europe, the vanguard of agricultural data by developing tools that will track every product from raw material production to packaging and processing.”
Precision Agriculture is product of AI, Big Data and blockchain which was developed using state-of-the-art technology to improve greener and cost effective agriculture, but at present the amount of investment need will be enormous, but Argentina’s National Agricultural Technology Institute has come up with Manfredi agricultural testing station (a precision agri venture) in Argentina’s central province of Cordoba.
A guideline for the blockchain implementation focusing in the agriculture finance sector has been launched in China called “Guiding Opinions on Rural Service Revitalization of Financial Services”. It was confirmed by the Chinese government which also highlighted the aim is to enhance the efficiency of financial services for rural revitalization program.
Overstock.com Inc. owned Medici Ventures purchased equity worth $2.5 million of project GrainChain, which gives them 10% ownership. GrainChain created a blockchain system which enables supply chain tracking, smart contracts, and financial settlement. Four largest agriculture companies, commonly known as ABCD, partnered to digitize international grain trading by using blockchain and artificial intelligence (AI).
The cryptocurrency mining service provider, Argo Blockchain has released two new coins called Komodo and Horizen. The said coins would be available for mining on its platform from the 1st of October. The cryptos that could be mined currently on the platform are Bitcoin Gold, Ethereum, Ethereum Classic, and Zcash. The two cons have been added concerning the customer demand.