Bitcoin Company digitalBTC Goes ASX

Zhenya Tsvetnenko, founder of digitalBTC and investor at CloudHashing.com has signed a good deal by reversely taking over ASX-listed company Macro Energy Limited (ASX: MEJ) and at the same time Macro Energy acquiring Digital CC Holdings Pty Ltd. Macro Energy has been facing various problems with their resource business lately. digitalBTC is further raising 9.1 million A$ new capital through this transaction.

According to a press release, Macro Energy is going to be renamed “DigitalCC Limited” as part of the transaction and will be fully transformed into a digital currency service provider focusing on bitcoins and bitcoin-related services.

In addition to the announcement of the reverse-takeover of Macro Energy Limited, the company has further announced to join forces with CloudHashing.com. According to Macro Energy, Cloudhashing.com is “the world’s largest cloud Bitcoin mining provider, with proprietary software developed to optimise the yield of Bitcoins derived from Bitcoin mining operations”. This strategic alliance includes amongst other things, the deployment of CloudHashing.com’s software “onto digitalBTC’s advanced Bitcoin mining computer hardware”, as well as the “reciprocal supply arrangements for Bitcoin mining hardware”.