Post
Topic
Board Hardware
Re: KnCMiner Openday Wednesday 5th & Monday 10th June
by
KS
on 06/06/2013, 19:58:13 UTC

  • Are ORSoC part of KnCMiner? Yes they are.

Correction: some ORSoC *people* are part of KNCMINER, not ORSoC as a company. Different implications.

But what about this then?
http://orsoc.se/orsoc-and-kncminer-are-partnering-up-to-develop-bitcoin-mining-products/langswitch_lang/en/

It doesn't imply any transfer of money. They will work together on the same project but the tasks are well defined and non-overlapping. KNCMINER will do the admin/sales and ORSoC the tech. KNCMINER collects the funds and pays ORSoC for the production bit, like any other supplier.

It's a regular business partnership where KNCMINER has a contract with ORSoC (I would venture as exclusive supplier). It's not a merger and nobody bought shares (although I think the ORSoC ppl are onboard to keep an eye on the business...).