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Blockchain and AI startup Core Scientific acquires Honeyminer creator Stax Digital

Mon, 30 Sep 2019, 04:31 am UTC

Blockchain and artificial intelligence startup Core Scientific has acquired Stax Digital, the company behind the most widely used GPU mining program Honeyminer, for an undisclosed amount.

With Core Scientific’s incredible hardware abilities – and now Honeyminer’s best-in-class optimizations and global software platform, together we are poised to offer best-in-class mining solutions within our data centers or embedded in any computer or device in the world,” Noah Jessop, Stax Digital’s CEO, said.

Core Scientific said the acquisition will enable the firm to expand its team, adding talented, long-time blockchain experts with extensive experience in systems, software and application development. The deal will also allow Core Scientific to leverage Stax Digital’s IP portfolio, including management and monitoring solutions, Minder, and the firm’s custom operating system MinderOS.

The firm’s CEO Kevin Turner expressed his excitement over the deal, saying “their IP and proven experience in blockchain will enable us to continue enhancing the capabilities of our best-in-class blockchain hosting and application solutions.”

Launched in mid-2019, Honeyminer is cryptocurrency mining software that enables users to leverage their computer’s GPU and CPU to mine altcoins in a dynamic mining pool. Honeyminer converts these mined altcoins to bitcoin for payouts.

The news comes after the Honeyminer app last May has found its way onto the Apple Macintosh operating system. Since the MacOS launch, the team has been working on different projects that will be rolled out in the coming weeks through Core Scientific, CoinDesk reported.

In acquisition news, RSK bitcoin-powered smart contract network maker IOVLabs has also acquired Taringa, a major competitor of Facebook in Latin America.

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