Aker ASA is a $ 6 billion holding business listed on the Oslo Bors Stock Market. This is another business that plans to get into the world of cryptocurrencies. According to a news release launched on Monday, Aker has actually produced a brand-new company called Settee AS. Its objective is strictly buying Bitcoin (BTC).
Settee will likewise explore the mining sector and plans to cooperate with significant players in the market. The business currently has one collaboration with Blockstream to its credit.
According to Blockstream chief strategist Samson Mow, the business will work carefully with Settee on BTC mining and sidechain deployment.
The Norwegian government stopped supporting electrical energy to BTC miners in November 2018. Regardless of this, mining activity in this nation still represents a substantial part of the worldwide hash rate. Beyond China, the nation ranks 8th in regards to the international month-to-month hash rate.
Journalism release likewise exposed that the new company will likewise buy other appealing crypto business.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.