Join Our Mailing List
Sunday September 24, 2023
Bitcoin (BTC) $26,561.12   Ethereum (ETH) $1,592.41
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Industry Deal

Carl Data partners with Connected Fintech for crypto mining and IIoT development

Published by CryptoNinjas.net
12/07/2017
Carl Data partners with Connected Fintech for crypto mining and IIoT development

Carl Data Solutions Inc. today announced the company has entered into a letter of intent (LOI) to acquire cryptocurrency mining hardware from Connected Fintech Inc. and partner with Connected with respect to the joint development of a first of its kind IIoT blockchain technology for integration into the Carl Data’s machine learning, predictive analytics and operational metrics for cryptocurrency mining hardware.

In connection with the Carl Data Solution’s proposed acquisition of cryptocurrency mining hardware, the company has agreed to pay Connected $250,000 and to issue Connected up to 2,000,000 common shares in the capital of the company, such subject to the following milestones:

(i) 1,000,000 Shares to be released upon signing of a definitive agreement;
(ii) 500,000 Shares to be released upon the company’s facility and infrastructure being made fully compatible with cryptocurrency data miners; and
(iii) 500,000 Shares to be released upon final installation of Connected’s cryptocurrency mining hardware. In connection with the proposed technology development partnership between the company and Connected, the company has agreed to pay Connected a retainer of $4,000 per month and will grant a 15% royalty on the company’s gross revenue generated from cryptocurrency mining activities for an initial term of one year.

Greg Johnston, Carl Data President, and CEO stated:

“Consistent with our business plan to acquire new complementary products and services, our partnership with Connected Fintech Inc. will allow us to develop the first IIoT BlockChain. The technology will allow us to build in accountability, transparency, and security into the transactions of data from various measurement devices. We are very excited to introduce this new technology into the IIoT space and know it will be of tremendous value for our customers and all consumers of environmental monitoring data.”

Jiang (Jay) Yu, Connected Fintech Inc. President and CEO said:

“I am excited to partner with Carl Data Solutions to build out the infrastructure for their cryptocurrency mining facility. We also plan on developing IIoT BlockChain Technology for Carl, a vertical within the Cryptocurrency and BlockChain space that not many are focusing on. Having a partner like Carl, a big data company that has the infrastructure and ability to make sense of this fast-growing sector within fintech.”

22
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

No Content Available
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy