Australian firm DigitalBTC is bowing out of bitcoin mining to focus on its consumer products, its CEO has said.
The company, which debuted on the Australian Stock Exchange (ASX) last June , mined 8,600 BTC in its first three months. However, with bitcoin’s price down almost 60% since then, its hardware is proving to be less and less profitable.
According to its latest statement, mining operations netted DigitalBTC $6.4m in the 12 months to June 2015, […]
