It’s no secret that the Bitcoin boom has rapidly evolved to transform the way we imagine global currency in a digital world. As cryptocurrency continues becoming a normalized alternative to cash, coins and credit cards — more merchants are accepting this digital money as a viable payment method.
Founded by Marco Streng and a smart team of early Bitcoin investors, Genesis Mining currently stands as a global leader in cryptocurrency cloud mining, attracting over one million customers and employing hundreds of full-time staffers around the world. The company built their first large-scale Bitcoin mining facility in 2014, followed up in 2016 with the construction of the world’s largest Ethereum mining facility. In March of 2016, Genesis Mining also launched the Logos Fund catering to top-tier venture capitalists, which has raised over $100 million in assets.
Aiming to accelerate the development of the Blockchain sector, Genesis Mining partnered with Foire Group to go public and launch HIVE Blockchain in 2017. Establishing the largest listed blockchain infrastructure company, HIVE operates miners that power various types of cryptocurrency, providing the backbone for Blockchain use cases. The company has raised $115 million in funding to date.
I spoke with HIVE Blockchain CEO Harry Pokrandt about the vision behind his company, the evolution of Blockchain mining, and how cryptocurrency is defining the future.
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