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 […]
