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BlokForge Acquires Cryptouniverse to Expand Distribution of Bitcoin Mining Hardware in Europe – Blockchain News, Opinion, TV and Jobs

Crypto mining gear and equipment firm, BlokForge, has introduced its acquisition of Cryptouniverse, a significant on-line mining distributor for Europe. The enterprise enlargement will broaden Bitcoin mining on a world scale.

This is nice information for the digital coin, as China not too long ago introduced will probably be clamping down on Crypto mining inside China. The nation at the moment accounts for greater than 65% of bitcoin mining world wide.

“Bitcoin is the future,” mentioned Nick Jackson, CEO and founder of BlokForge. “The world is steadily embracing decentralized money and it’s important that crypto mining technology meet the growing demand.”

The acquisition will broaden BlokForge’s affect in the crypto mining business. With full management of the Cryptouniverse platform, BlokForge will oversee distribution in the European market and additional develop its international attain.

Cryptouniverse was established in 2017 to distribute massive scale mining {hardware} and gear throughout the European market. Like BlokForge, the corporate was a distributor for main ASIC miner supplier, Canaan.

“The addition to the BlokForge brand will not only provide a broader platform to distribute bitcoin mining hardware and accessories across the North Atlantic Ocean,” mentioned Jackson, “but more importantly, Cryptouniverse will catalyze our ability to aid in the decentralization of mining hardware as our company’s core customer base ranges from individual miners to mid-sized farms. With the recent exodus of miners out of China and away from coal driven energy, we are seeing a massive uptick in smaller farms utilizing renewable energy and integrating ASIC hardware into existing eco-friendly businesses where the heat by-product is used for plant or organism farming- it’s exciting.”

The famend cryptocurrency, Bitcoin, surged to a price of $60k in early 2021 inflicting the crypto mining market to climb. However, the upsurge was disproportionate on a world scale, with China internet hosting most of the world’s Bitcoin mining. Inevitably, increasing entry to crypto mining {hardware} and companies for different international locations has been an indispensable motive for BlokForge’s acquisition of Cryptouniverse.

About BlokForge

BlokForge is a US based mostly on-line ASIC mining {hardware} and associated companies warehouse providing aggressive costs for every type of cryptocurrency mining {hardware} specializing in ASIC, GPU, Coin, Hash, and associated equipment. BlokForge shortly gained traction as an esteemed on-line distributor of crypto mining {hardware} in the U.S. Formed in 2017 amidst the peak of Bitcoin’s rising recognition, BlokForge entered the mining business ready to provide the highest quality mining gear and equipment to the tip person. It at the moment companies international locations worldwide.

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