Canadian listed mining company acquires CoinGeek for $45.354 million

According to Coinpost, Squire Mining, a mining company listed on the Canadian Stock Exchange, responded to the acquisition of CoinGeek. The acquisition cost 60.3 million Canadian dollars (about 45.354 million US dollars), and the mining equipment and personnel owned by CoinGeek will also be transferred to Squire.

Squire’s CEO said that through this acquisition, Squire will become the world’s largest public company with a cryptocurrency mining business. In addition, Squire also intends to integrate the knowledge of the two companies into the development of ASIC chips as part of the company’s development strategy.