Geniuses at Work continues shopping spree, reportedly buys controlling stake in ZenMiner for $8m

After reportedly shelling out $1.1 million for the bitcoins.com domain, Geniuses at Work (GAW) has reportedly purchased a controlling stake in ZenMiner for $8 million.

GAW is a mining equipment manufacturer whose stated offering differentiates itself in leveraging expertise from other business segments such as internet service and advanced telephony. One of its featured product sets is low power miners.

ZenMiner offers Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-hosted mining services. GAW says it will utilize their technology to streamline partner integration and accelerate the development of "Project Prime", a new platform slated for launch later this year. The acquisition also grants ZenMiner access to a much larger pool of capital than it had previously. ZenMiner President Eric Capuano will now become GAW's General Manager of its "ZenMiner Division". Said Capuano:

“GAW’s can pump far more resources into ZenMiner’s R&D than we could ever dream of alone. With their support, we can add game-changing features like hardware trading, instant activation, and cutting-edge pools to our customers even faster.”

If confirmed, the acquisition would rank as one of the largest ever in the Crypto Mining Crypto Mining Cryptocurrency mining is defined as the process through which the transactions of a digital currency are authenticated then published to blockchain. For every crypto transaction conducted, a crypto miner is in charge of authenticating the information which, if approved, is then updated in the blockchain. Currently, the most popular cryptocurrencies being mined are Bitcoin, Litecoin, Ethereum Classic, Monero, and DASH. How is Cryptocurrency Mined?The process of crypto mining itself involves the s Cryptocurrency mining is defined as the process through which the transactions of a digital currency are authenticated then published to blockchain. For every crypto transaction conducted, a crypto miner is in charge of authenticating the information which, if approved, is then updated in the blockchain. Currently, the most popular cryptocurrencies being mined are Bitcoin, Litecoin, Ethereum Classic, Monero, and DASH. How is Cryptocurrency Mined?The process of crypto mining itself involves the s Read this Term industry.