Bitcoin mining equipment developer Spondoolies-Tech has ceased operations this month, CEO Guy Corem revealed. Israeli bitcoin mining equipment developer Spondoolies-Tech, a prominent bitcoin hardware manufacturer in recent years has, in a surprising announcement, revealed that it has shut down operations this month. A social media post by Spondoolies-tech CEO Guy Corem read: As of May 4, 2016...
BTCS Inc., a provider of ecommerce and bitcoin transaction verification services, suffered a $10 million-plus net loss in 2015 despite a revenue gain, according to a 10-K form filed with the U.S. Securities Exchange Commission for fiscal 2015. The statement noted net losses of $14,757,016 and $10,047,036 in 2014 and 2015, respectively. Total revenues were $38,214 and $506,190 for 2014 and...
Bitcoin mining firm BTCS, formerly known as Bitcoin Ship has completed a $1.45 million round of financing on December 16, led by Cavalry Fund LP. Originally known as Bitcoin Shop, BTCS was an e-commerce retailer that shifted its business model to bitcoin mining. The company was in need of a cash-boost after a recent SEC filing raised concerns of the company’s ability to even exist in the long...
Spondoolies-Tech, the Israeli company that is merging with Bitcoin Shop to consolidate their enterprises and resources, announced today that last year it had brought in about twenty-eight million dollars. By comparison, many other companies in the Bitcoin world are still in the venture capital funding phases of their progression. Spondoolies' integration with Bitcoin Shop will focus largely on...
Bitcoin Shop Inc. has invested $1.5 million in Spondoolies-Tech Ltd., an Israel-based bitcoin mining company. The investment follows the announcement that BTCS and Spondoolies plan to merge. The investment marks the first step of the merger. The two companies will create the first publicly-traded company to produce bitcoin transaction verification equipment. It will also deploy bitcoin mining...
Spondoolies-Tech has been moving very steadily in the Bitcoin mining manufacturer race. CEO Guy Corem has built a top notch team and guided them to the goal of being the best manufacturer making Bitcoin ASIC miners. The introduction of the SP20 Jackson is a welcome change to their line up. The SP20 is a small bread box sized unit that can push out 1.7 th/s of hashing power. The previous miners...
Guy Corem of Spondoolies-Tech is a very thoughtful leader who built his team carefully when entering the ASIC Bitcoin Miner industry. That careful approach extends to every step in the process as well as adapting as needed to bring the best Bitcoin miners they can to market. Their first miner to market was the SP10 a 1.4 th/s miner with an excellent hardware and software engineered package. They...
Spondoolies-Tech is releasing a new miner named the SP20-Jackson that will start shipping in October. They are doing this to help fill the gap in the mining industry for the home and smaller mining farm market. Many companies have become sensitive about mining becoming too expensive and too centralized. Spondoolies-Tech, with the introduction of the SP20 Bitcoin ASIC Miner, is addressing that...