Bitmain, the operator of one of the bitcoin network’s largest mining pools, has acquired a bitcoin data and analytics startup for an undisclosed amount.
With the acquisition of Blocktrail, announced today, Bitmain will seek to bolster the services it offers at BTC.com, a block explorer and analytics service it launched last September. The acquisition is the latest in what has proved to be a year of consolidation for the industry, which has seen particular activity in the exchange sector.
With the news, three full-time Blocktrail employees will join the Bitmain team, including Blocktrail co-founder Boaz Bechar, who voiced his optimism that BTC.com would help his team reach more users.
Bechar told CoinDesk:
Bechar said Blocktrail, co-founded by VKontakte co-founder Lev Leviev, would now be increasing its European team "significantly".
"I think BTC.com is going to be strong. We’re going to have a bigger team and bigger resources," Bechar said.
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