Consolidation isn't uncommon in new, rising industries and bitcoin mining isn't any exception. However, like
all things bitcoin, it's moving at a somewhat quicker pace than consolidation in ancient industries.

The sector of the business is turning into more and more various and competitive because it responds to new challenges, accommodates enterprise-level customers and seeks to boost its existing services for bitcoin’s pissed off hobby miners.

For example, the relative stability of the value of bitcoin in recent months is prompting several firms to appear for alternative routes of boosting their aggressiveness and reducing prices. Likewise, general issues with pre-ordered mining hardware – from delays to broken deliveries – have forced mining firms to develop their existing services.

Perhaps unsurprisingly given the industry’s turbulence, mining firms have proclaimed or finalized variety of high-profile acquisitions and investments in recent months, partially to maneuver their businesses to new verticals that may position them for semipermanent success.

Below, we tend to examine a number of the recent news events that highlight this trend.

GAW’s looking spree

Earlier this month, mining hardware specialist GAW Miners bought a dominant stake in cloud mining supplier ZenMiner for $8m. GAW chief operating officer banter Garza told CoinDesk that the acquisition was created following a amount of “close collaboration” between the 2 firms, however a more in-depth analysis reveals its strategic connection.

ZenMiner can give cloud hashing services as a part of a broader partnership between the businesses. At a similar time, it'll offer GAW customers the chance to possess their mining rigs shipped, or to begin hashing victimization the company’s hosting service.

GAW conjointly recently bought premium domain BTC.com at a record-making worth for the bitcoin business. it's still unclear what the Connecticut-based company plans to use the domain for, however it's promising to deliver one thing “amazing”.

Still, if Blockchain’s use of bitcoin.com is any indication, GAW may well be well-positioned to use the location as a client onboarding tool.

PeerNova spawned by merger

CloudHashing and HighBitcoin incorporate to make a brand new company known as PeerNova in could, in associate degree example of a deal that expands each firms into new verticals.

PeerNova can currently sell mining infrastructure at associate degree enterprise level, victimization HighBitcoin ASICs, whereas CloudHashing lives on as a complete commercialism mining contracts.

Effectively, the move allowed CloudHashing to require advantage of HighBitcoin’s experience with ASIC hardware style for its client mining services, whereas liberating it from the additional price of addressing its hardware wants through an out of doors partner.

DigitalBTC’s moves toward specialization

DigitalBTC, the primary in public listed bitcoin company in Australia, has conjointly seen its market strategy shift.

The company was nonheritable by Macro Energy restricted earlier this year and inked a strategic partnership with CloudHashing.com in March.

Under the terms of the agreement, much all digitalBTC mining operations ar managed by CloudHashing. reciprocally digitalBTC handles the sale of CloudHashing’s bitcoin to the market through its commercialism table.

The move permits each services to concentrate on specific wants, whereas leverage their shared experience in order that each firms edges.

BitFury seeks market enlargement

Of course, not each bitcoin company is seeking to secure its future by increasing to a different vertical inside the mining area.

For example, BitFury launched BitFury Capital in Gregorian calendar month, a VC fund and subsidiary of BitFury cluster which will get to support alternative segments of the bitcoin market.

As a frontrunner within the industrial mining area, BitFury makes millions monthly by mining bitcoins, and increasing to the present new service could facilitate the corporate use this cash to secure substantial returns.

Notably, BitFury Capital recently completed its initial investment, investment associate degree unknown quantity in associate degree unknown bitcoin pocketbook service. within the future, the firm aforementioned it might get to take a position in bitcoin startups, peer-to-peer comes and innovations within the field of renewable energy.

CoinTerra’s computer code grab

Rather than investment within the semipermanent growth of another company, some conceive to build investments by getting a firm for key items of computer code or talent.

Last month, CoinTerra scooped up computer code developer Bits of Proof (BOP), a Hungary-based firm whose protocol may be used for variety of various applications designed on the block chain.

Quite however this computer code is also utilized continues to be unclear, however the move still illustrates however bitcoin’s mining corporations ar more and more wanting to diversify in new and novel ways that so as to seek out a competitive advantage.

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