Categories: Bitcoin Tech

BitVest Digital Mining Corp. selects PeerNova for large scale Bitcoin Mining Deployment BitVest Digital Mining Corp. plans major increase in Bitcoin mining capacity, using PeerNova’s ASIC mining hardware

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BitVest and PeerNova Ink Strategic Hardware supply agreement (PRNewsFoto/BitVest Digital Mining Corp.)

Photo: http://photos.prnewswire.com/prnh/20140702/124215

"We are very pleased to be chosen as BitVest's supplier of bitcoin mining systems", said Dr. Naveed Sherwani, CEO of PeerNova. "Considerable design and engineering work was done by PeerNova to make these systems not only the most powerful, but the most efficient as well. This decision by BitVest is a strong endorsement of the fact that PetaOne™ systems are the best choice for Petahash level, enterprise deployments.

BitVest Digital Mining Corp CEO, Devin Hahn said: "We selected PeerNova only after an intensive review of all available bitcoin mining hardware suppliers and found that PeerNova stood head and shoulders above the competition on a number of different fronts. With the industry's most powerful and power efficient systems consuming 0.5W/GH, the PetaOne™ systems were the best value for our money. Their Board of Directors and leadership team also has the most experience and stature that we have found in the space. Furthermore, the quality of their engineering and operations team gives us great confidence in their ability to not just design, but deliver on schedule.

Hardware purchased by BitVest Digital Mining will be housed at PeerNova's global data centers and managed by PeerNova's team. PeerNova's President and Chief Commercial Officer, Emmanuel Abiodun said that the relationship is mutually beneficial and that he is pleased to team up with BitVest Digital Mining, which has a strong management team and plans to increase investment in Mining through a daily reinvestment program, parlaying the profits from their mining operations into additional mining capacity.

Mining plans

BitVest Digital Mining Corp. stated that their expansion plans over the course of the next six months will amount to a total hashing power equivalent to ten Petahash, representing approximately 8% of the current global Bitcoin network hashing power.  The company stated that their first 7-figure installment of bitcoin mining hardware was already in operation at PeerNova's data centers and started generating revenue in early June.

BitVest, LLC. CEO Devin L. Hahn said "The revenues will be used to fast-track the growth of BitVest's core mining operations. PeerNova will supply a significant quantity of its cutting-edge bitcoin mining hardware to BitVest. This will significantly advance BitVest Digital Mining's bitcoin mining capacity."

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SOURCE BitVest Digital Mining Corp.

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