Press Release – updated: Mar 3, 2020 05:00 EST
The acquisition comes after a long-standing relationship where BC provided Genesis Group and its affiliated companies with crypto market analysis, blockchain software development, and strategic consulting services.
“Over the years as our relationship continued to grow, we determined it would be in the best interest of both organizations to focus BC resources exclusively on supporting the long term vision of the Genesis Group,” said Marco Streng, CEO, and co-founder of Genesis Group.
The vision for Genesis Group started back in 2013 with the launch of Genesis Mining, which quickly became one of the world’s largest crypto mining companies, serving over 2 million customers.
Streng continued “The key to success in crypto mining really comes down to how efficient you can build and scale your data centers. After over 5 years of innovation, we know that our deep expertise and proprietary approach enables us to build data centers better, faster, and more efficiently than anyone else in the world. This means we’re able to mine cryptocurrencies in the most efficient and cost-effective way possible.”
Bringing the 40+ members of the BC team, proprietary software, and intellectual property officially under the Genesis Group umbrella represents one of many key steps that will be made as the group continues its aggressive data center expansion plan across the globe.
Nico Kaiser, CEO of BC said: “We’re extremely excited about the vision that Genesis Group has planned for the future and look forward to collaborating together as we turn that vision into a reality.”
About Genesis Group
Genesis Group provides cloud-based information technology services to businesses and end-users for a range of applications including video rendering, AI, and blockchain development applications. It currently has two main divisions for these industries, Genesis Cloud and Genesis Mining. We believe that blockchain technology will have an unprecedented impact on the way trust is shared amongst people.
About Blockchain Consulting GmbH
BC develops, maintains and evaluates blockchain and cryptocurrency-related products and web services and provides long-term assistance and advice on related technological and operational matters for partners worldwide.
Source: Genesis Group
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