Crypto mining equipment and accessories company, BlokForge, has announced its acquisition of Cryptouniverse, a major online mining distributor for Europe. The business expansion will broaden Bitcoin mining on a global scale.
This is good news for the digital coin, as China recently announced it will be clamping down on Crypto mining within China. The country currently accounts for more than 65% of bitcoin mining around the world.
“Bitcoin is the future,” said Nick Jackson, CEO and founder of BlokForge. “The world is steadily embracing decentralized money and it’s important that crypto mining technology meet the growing demand.”
The acquisition will expand BlokForge’s influence in the crypto mining industry. With full control of the Cryptouniverse platform, BlokForge will oversee distribution in the European market and further develop its global reach.
Cryptouniverse was established in 2017 to distribute large scale mining hardware and equipment across the European market. Like BlokForge, the company was a distributor for leading ASIC miner provider, Canaan.
“The addition to the BlokForge brand will not only provide a broader platform to distribute bitcoin mining hardware and accessories across the North Atlantic Ocean,” said Jackson, “but more importantly, Cryptouniverse will catalyze our ability to aid in the decentralization of mining hardware as our company’s core customer base ranges from individual miners to mid-sized farms. With the recent exodus of miners out of China and away from coal driven energy, we are seeing a massive uptick in smaller farms utilizing renewable energy and integrating ASIC hardware into existing eco-friendly businesses where the heat by-product is used for plant or organism farming- it’s exciting.”
The renowned cryptocurrency, Bitcoin, surged to a value of $60k in early 2021 causing the crypto mining market to climb. However, the upsurge was disproportionate on a global scale, with China hosting most of the world’s Bitcoin mining. Inevitably, expanding access to crypto mining hardware and services for other countries has been an indispensable motive for BlokForge’s acquisition of Cryptouniverse.
BlokForge is a US based online ASIC mining hardware and related services warehouse offering competitive prices for all types of cryptocurrency mining hardware specializing in ASIC, GPU, Coin, Hash, and related accessories. BlokForge quickly gained traction as an esteemed online distributor of crypto mining hardware in the U.S. Formed in 2017 amidst the height of Bitcoin’s growing popularity, BlokForge entered the mining industry prepared to supply the best quality mining equipment and accessories to the end user. It currently services countries worldwide.