Not sure if this is news as such, but there's mining company KnC Data Center which is currently mining around $466,000 USD worth a day, and make up around 10-15% of the ENTIRE combined mining power on the network. The issue with this is they are doing it for pure fiat currency - that is, as soon as they mine the coins they are dumping/selling them on the exchanges - the demand will be outstripping supply which will drive the BTC price down in the near term.
Couple of pictures of their mining rig/data center..
http://iforce.co.nz/i/ca3coxx1.hm5.jpg
http://iforce.co.nz/i/p1pmo4qk.k1k.jpg
I really hope DigitalBTC aren't planning on just dealing with Bitcoin as opposed to other coins as I can't see how they are going to turn much of a profit on BTC..
MEJ Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
