Chinese Sfards Targets Mining Industry with World’s First Dual SHA256 and Scrypt Miner

Chinese giant cryptocurrency mining company Sfards Technology Ltd. announces it has started business operations.
On October 20, Chinese cryptocurrency mining venture Sfards Technology Ltd. announced its ambition in becoming a leader in the industry while officially starting to operate, stated the company in a release.
Sfards is funded by China’s alleged largest holder of bitcoins and angel investor Li Xiaolai, as well as international VC firm Matrix Partners China. While the total funding amount hasn’t been disclosed, Sfards is said to be China’s first cryptocurrency mining firm to receive considerable funding.
The new Beijing-based cryptocurrency mining solution provider is the result of a merger between two industry leaders: cryptocurrency chips manufacturer Gridseed and mining control solution Wiibox.
Thus, Sfards’ leadership is composed of several senior managers from both Gridseed and Wiibox, who provide the newly formed company with expertise in various fields including microchip design, consumer electronics, Internet commerce and capital management.

This post was published at Coin Telegraph on 2014-10-20.

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