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Bitcoin Mining Developer Spondoolies Shuts Down

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Bitcoin mining apparatus developer Spondoolies-Tech has ceased operations this month, CEO Guy Corem revealed.

Israeli bitcoin mining apparatus developer Spondoolies-Tech, a distinguished bitcoin hardware manufacturer in new years has, in a startling announcement, suggested that it has close down operations this month.

A amicable media post by Spondoolies-tech CEO Guy Corem read:

As of May 4, 2016, Spondoolies-tech has ceased operations.

It has been a good payoff to offer a Bitcoin mining village and generally a customers. We deeply conclude a support and faith that we have placed in us and wish we success in your destiny endeavors.

The manufacturer’s mining apparatus was widely seen as attention standard, environment a benchmark for efficient, notable mining rigs. CCN has reviewed several of their mining rigs in a past.

The closure comes as a surprise, not prolonged after a new investment that saw bitcoin mining organisation BTCS (formerly Bitcoin Shop) increase a stake in a Israeli mining apparatus developer to 9.6% from 6.6% with $750,000. The former e-commerce tradesman had originally

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