Cryptocurrency Mining Company Hashchain Technology Is Now Listed on the TSX Venture Exchange

Recently, a company called HashChain Technology, which is a cryptocurrency mining company has gone public; it was able to list on the TSX Venture Exchange with the symbol KASH. They are not first ones to go public in this space as there are several others such as Genesis Cloud Mining and others who have also gone public. There seems to be a long line of companies in the blockchain industry who are also seeking to go public. The number of businesses that are looking to go public are more than 45 and all plan on being placed on TSX venture exchange. They all seek to go public in within the year of 2018.

These companies are utilizing the exchange of TSX because the exchange is less averse to the concept of risk than other exchanges.

TSX History & HashChain

The exchange has focused on small and medium companies in the sectors of oil, physical mining, gas and other industries in the past.

The firm has now accepted newer companies focused on emerging markets like the medical cannabis industry.

As of late, the trading company is accepting the various firms that are contributing to the cryptocurrency ecosystem.

HashChain

The stock of the mining company is currently trading at the share price of $2.36. The mining firm was able to raise an excess of 3 million dollars with their public offering.

HashChain is focused on Dash as it is currently a Masternode in the Dash network and has voting power within the system. The team over at the mining firm will seek to progress into mining other digital currencies like Bitcoin within the first quarter of this year.

A key highlight of the firm is their purchase of the Dash Masternode:

“In addition to mining digital currency, the Company has also acquired a Dash Masternode for approximately USD $280,000 which requires a collateral investment of 1,000 Dash coins.”

They have realized a significant gain on this investment:

“Based on current prices as of December 15, 2017, the Masternode investment is worth approximately USD $880,000. By holding this investment, HashChain receives the right to participate in budget funding decisions for the Dash network while also receiving a return on investment in the form of virgin coins and currency appreciation.”

Their mining operations will continue to take place on Canadian soil, in the city of Vancouver, a city that is emerging as a hub for cryptocurrency based projects. The founding team of HashChain believes that the frigid arctic conditions allow for cost-efficient mining. They don’t have to worry about cooling their equipment because of their environment.

Quick Highlights of HashChain

Proof of Concept – 100 dash rigs deployed, 770 S9 antminer rigs purchased with December 2017 delivery and installation

○ Current rigs acquired equivalent to 1.23 MW’s

  • Roll-out: ○ 13,400 rigs by 2018

○ 26,600 rigs by 2019

○ 46,600 rigs by 2020

  • Diversified Mining Strategy

○Capacity to quickly shift among the most profitable cryptocurrencies and regions 

The company continuously seeks to source and utilize the best rigs in the best environmental conditions to allocate resources efficiently and gain appropriate returns.

About TSX

The TSX Venture Exchange is a stock exchange in Canada. It is headquartered in Calgary, Alberta and has offices in Toronto, Vancouver, and Montreal. All trading through the Exchange is done electronically, so the Exchange does not have a “trading floor.” It was previously known as the Canadian Venture Exchange (CDNX), but in 2001 the TSX Group (now known as the TMX Group) purchased it and renamed it.

The TMX Group also owns the Toronto Stock Exchange (TSX). The Toronto Stock Exchange is the senior equity market, while the TSX Venture Exchange is a public venture capital marketplace for emerging companies.

As of November 2010, the TSX Venture Exchange had 2,364 listed companies with a combined market capitalization of $60,811,203,235, according to Wikipedia.

About HashChain

The company was formerly known as Chortle Capital Corp. and changed its name to HashChain Technology Inc. in September 2017.

The company was incorporated in 2017 and is headquartered in Vancouver, Canada. HashChain Technology Inc., a blockchain technology company, operates as a cryptocurrency mining company.

A cryptocurrency is a form of encrypted and decentralized digital currency, transferred directly between peers across the Internet, with transactions being settled, confirmed, and recorded in a distributed public ledger through mining. Mining is the process of verifying transactions to be added on a blockchain by solving computation puzzles using computers, known as Rigs, which are high-performance computer systems used for cryptocurrency mining.

By | 2018-01-05T02:18:39+00:00 January 4th, 2018|News|0 Comments

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