User:MiaMlnr/sandbox

Genesis Mining

Genesis Mining is a company that sells cryptocurrency mining hashpower since 2013. They are registered in Hong Kong, China and their mining farms are in Iceland, Sweden, Canada, Bosnia and other undisclosed locations.

The company is known for their mining farm in Reykjanesbær, Iceland. It is a large Ethereum mining farm with GPUs in it, running on geothermal energy. The facility has been featured in various media as an example of a growing new cryptocurrency mining industry in Iceland.

The company was founded in November 2013 and it employs over 100 full time workers from all around the world.

History

The company was founded by Jakov Dolic, Dr. Marco Krohn and Marco Streng after the three met through a Bitcoin trading platform. They set up their first mining Facility in Eastern Europe in 2013.

In March 2016 Genesis Mining invested 1 Million and became an initial partner to the Logos Fund, which was created by Marco Streng. The Fund itself is reported to have raised an estimated $ 100 Million.

In October of 2017 Genesis Mining became a major shareholder of HIVE Blockchain Technologies, by purchasing 30% of the shares of the Canada based company.

Trivia

The company has made it into the news with their guerrilla campaigns criticising various actors for their stance on cryptocurrencies. In one stunt, they mocked Jamie Dimon on a billboard. In May 2018 they hung billboards outside Warren Buffet's office, saying the billionaire is wrong about Bitcoin. Their other campaign was a fake protest held in New York. This staged demonstration portrayed bankers protesting against cryptocurrencies.