Overstock Invests $5 Million in Peernova in First Bitcoin Investment

By March 31, 2015Bitcoin Business

US retail giant Overstock has invested in blockchain technology specialist Peernova as part of its second tranche of Series A financing. Formed through a merger between cloud mining contract provider CloudHashing and ASIC hardware designer HighBitcoin in early 2014, Peernova raised $8.6m in funding last December as it sought to accelerate its shift away from mining.

In statements, general manager of Overstock’s Cryptocurrencies Group Judd Bagley framed Overstock ‘s first investment in a bitcoin industry […]

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