BTCS Gains Traction in its Transaction Verification Business
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The Company’s pending merger with Spondoolies-Tech is expected to further accelerate growth of BTCS’ transaction verification services. The addition of Spondoolies’ third-generation Application Specific Integrated Circuit (“ASIC”) servers, which are anticipated to provide a 3x-5x efficiency improvement, should significantly increase the Company’s hashing power and improve operating margins. The implementation of third-generation servers at the Company’s North Carolina facility is expected to yield a hash rate of between 13,000 and 29,000 Th/s (trillion calculations per second). BTCS averaged a hash rate of 891 TH/s during the first half of 2015.
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