This company first dipped its toes in the crypto market in February by strengthening its long-standing partnership with Shanghai Yitang Data Technology to offer its users the ability to participate in Bitcoin and Ethereum mining in a simple and convenient way. Yitang currently manages 35,000 mining machines spread across the North, North West and South East parts of China and has pre-existing contractual arrangements with mining machine vendors to acquire many more in the future.

This massive project will allow all of this companies users to mine both Bitcoin and Ethereum and add value to their crypto wallets on the platform. The mining results from this project will allow the company to demonstrate its capabilities and what they will get with a purchase. 

This news generated so much excitement among stakeholders that it resulted in an unprecedented surge in traffic of over 1000%, resulting in this companies website server being overloaded and causing a temporary outage – that’s how much people want in!

But the company didn’t stop there. 

In April, they  inked another deal with Shanghai Yitang to acquire an initial 51% interest in 12,500 mining rigs dedicated to mining Dogecoin (DOGE) and Litecoin (LTC) with an option to increase such interest to 100%.

This company ‘s mining assets provide a combined hash rate of 6.25 TH/s, which amounts to 2.1% of the entire current LTC network hash rate. They also make the company the first publicly listed entity focused primarily on mining Dogecoin and one of the largest Dogecoin miners in the world! 

A month later, they acquired 51% interest in Crypto Pal Technology at a low cost of $3.5 million, consisting of $1.5 million cash and 1,800,000 units.

And with its healthy balance sheet and record-breaking revenues, it’s likely that this company will continue growing its stake in the crypto mining space. Earlier this month, they closed a brokered private placement with Canaccord Genuity for gross proceeds of C$7.25 million, which received strong investor demand thanks to this companies bold entrance into the crypto market.

Even after acquiring 51% interest in Crypto Pal, this company has a strong balance sheet with over $7.4 million in cash, very minimal debt AND it continues to rake in record-breaking revenue every single month. 

This initiative marks a big move for this company, and an inflection point setting the tone going forward with cryptocurrency playing a major role on the live streaming platform. Founder and Chairman of this company noted, “The recent activity and interest in cryptocurrency presents us with a unique opportunity to introduce cryptocurrency to our users, as well as to bring cryptocurrency users to our platform.”

That might end up being an understatement, as the popularity of cryptocurrencies and their widespread adoption and acceptance across demographics, age groups, and even financial institutions have all picked up. 

In a world where power is critical, having the mining capacity and mining rigs available to supply the demand coming from users on your platform is a must. With more than double the current capacity of most of its main competitors, this company  is ready to meet the demands of its users for Dogecoin, Litecoin, Bitcoin and Ethereum through its new Crypto-Mining Initiative.