RATE Group | Cryptocurrency company closes Montana data center operation
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Cryptocurrency company closes Montana data center operation

19 May Cryptocurrency company closes Montana data center operation

Posted at 21:28h in Cryptocurrency News by

MISSOULA, Mont. (AP) — A digital currency company announced the closure of its Montana data center and the initiation of bankruptcy proceedings.

Toronto-based HyperBlock Inc. announced that its 20-megawatt data center has closed and the company’s cryptocurrency mining operations have ceased, The Missoulian reported Monday.

Cryptocurrency is a digital currency that can be traded online anonymously, and the value of a unit such as Bitcoin can increase or decrease as investors buy in or cash out.

HyperBlock leased a warehouse in Bonner, 7 miles (11 kilometers) east of Missoula.

The company announced to shareholders May 13 that the Bitcoin algorithm had…

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