On April 11, 2018, Blockchain Mining Ltd. (formerly Natural Resource (TASE:BLCM) (OTC:BITFY) acquired majority control of Backbone Hosting Solutions Inc. (Bitfarms), which owns and operates blockchain farms that power the global decentralized financial economy. Bitfarms provides computing power to cryptocurrency networks such as bitcoin, bitcoin cash, ethereum, litecoin, and dash earning fees from each network for securing and processing transactions 24/7. Since 2013, predecessors to Bitfarms have constructed 4 farms in Quebec, Canada which have 27.5 MW of installed capacity and over 200 Ph/s of installed hash-power. Bitfarms construction pipeline includes an additional 3 farms with over 100 MW of power capacity. For more information on Bitfarms, visit: www.bitfarms.io.
Blockchain Mining continues to hold its mineral assets.