According to the announcement, the acquisition will allow Core Scientific to leverage Stax Digital’s IP portfolio. These technologies include management and monitoring solutions, Minder and the company’s custom operating system, MinderOS.
Stax Digital CEO Noah Jessop said, “With Core Scientific’s incredible hardware abilities – and now Honeyminer’s best-in-class optimizations and global software platform, together we are poised to offer best-in-class mining solutions within our data centers or embedded in any computer or device in the world.”
“We are very excited to close this transaction and welcome the Stax Digital team to Core Scientific,” added Kevin Turner, CEO of Core Scientific. “Their IP and proven experience in blockchain will enable us to continue enhancing the capabilities of our best-in-class blockchain hosting and application solutions.”
Honeyminer was designed to run in the background of computers and passively leverage unused computing/GPU power. Similar to Nicehash, another cloud mining marketplace, Honeyminer automatically mines the most profitable cryptocurrency algorithm and converts those coins into BTC payouts.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.