Share this article
DigitalBTC Inks Deal With Spondoolies-Tech to Expand Mining Operation
Updated Sep 11, 2021, 11:28 a.m. Published Jan 23, 2015, 1:24 p.m.
Australian bitcoin company digitalBTC is expanding its mining capacity and entering a new contract with data centre provider Verne Global.
The company said it is acquiring new bitcoin mining hardware from manufacturer Spondoolies-Tech, although the exact details were not revealed.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
DigitalBTC did say, however, that the new hardware will expand its processing capacity by approximately 40% for a “small outlay” of about $700,000. When it launched in early 2014, digitalBTC relied on BitFury mining hardware.
The Verne Global contract will allow digitalBTC to reduce its power costs by approximately 20% across half of its power commitment. Verne Global is already working with digitalBTC, hosting mining hardware at its data centre campus in Iceland, which is powered by geothermal energy.
DigitalBTC CEO Zhenya Tsvetnenko said the new contract will help the company reduce operating costs and increase efficiency.
The company's focus will be on developing new software solutions such as digital X Mintsy, but legacy mining operations will continue to be updated, he added.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
