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Genesis Mining

Genesis Mining is a company that sells cryptocurrency cloud mining contracts since 2013.[1] They are registered in Hong Kong, China and their mining farms are in Reykjanesbær, Iceland, Canada and Bosnia and other undisclosed locations. 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

Genesis Mining is known for their mining farm in Reykjanesbær, Iceland. It is a large Ethereum mining farm, running on geothermal energy. Various media has covered this facility as an example of a growing new cryptocurrency mining industry in Iceland