InsolventBitcoin mining hardwareBitcoin2013–2016
KnCMiner
Accel and Creandum backed the hardware maker
A Swedish developer of bitcoin mining hardware that also operated mining facilities.
- Capital raised (announced)
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Sam Cole | — | Not established | Oct 2026 |
How it ended
CEO Sam Cole told CoinDesk that bankruptcy was a preemptive decision because the approaching halving would make production more expensive than the market value of the coins. That is Cole’s explanation, not an independent profitability finding.
Still alive
Open spot
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Sources
1 source behind this page.
- 1Bitcoin Mining Firm KnCMiner Declares Bankruptcy · CoinDesk · May 2016
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