OSLO: Element ASA has announces that the discussions regarding the acquisition of at least 95% of the shares in Harmonychain for a total of 51 million Element considerations shares has been terminated and the conditional NOK 60 million private placement has consequently been cancelled. Reference is made to the stock exchange notices published on 3…
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Element buying Harmonychain for commercialization of blockchain microchip mining system
OSLO: Element ASA has entered into a Letter of Intent to acquire Harmonychain for the commercialization of the Scrypt microchip mining system, designed to increase blockchain mining microchip efficiency more than 300 percent, a news release said. “Harmonychain has recently acquired Lokotech AS, which has developed a disruptive and commercialization-ready microchip that is setting a…