Australian firm DigitalBTC is bowing out of bitcoin mining to focus on its consumer products, its CEO has said.
Australian cryptocurrency firm DigitalBTC bought $10.1m worth of bitcoin in Q2 of this year, the company's latest quarterly report reveals.
Australian firm digitalBTC has launched digitalX Mintsy, a service that allows users to lease and trade processing power for cryptocurrency mining.
Australian bitcoin company Digital CC Ltd has published the results for its half-year period up to 31st December 2014, posting a net loss.
Mining rental service BetaRigs is partnering with cloud mining platform Mintsy to allow miners to split and trade hash rates.
DigitalBTC has dissolved a bitcoin mining agreement with CloudHashing. In other news, CloudHashing has being buying back cloud mining contracts.
Australian bitcoin company digitalBTC experienced a big selloff last Friday, prompting questions from the Australian Securities Exchange.
DigitalBTC has announced operational losses in its third quarter report, but maintains its performance is "robust".
Bitcoin Group is planning an IPO on the Australian stock market, hoping to raise $20m for mining.