/biz/ - Business & Finance

Harmonychain will take dogecoin computer chips on stock exchange: Valued at over 300 million.

While Elon Musk puts his love on the cryptocurrency dogecoin, Norwegian Harmonychain raises capital to make computer chips that extract the digital coin.

- We have a queue of investors from here to Børsen. It will surprise me if there is not a significant oversubscription, says chairman of the board Bjørn Zachrisson to E24.

Harmonychain will use the money to make a computer chip or "chip" that will be able to extract or "mine" cryptocurrency 300-500 percent more energy efficient than today's technology. The company will first make a chip for the currencies dogecoin and litecoin, which use the same algorithm, and then another chip for bitcoin.

- The goal is to complete a prototype wafer in December. Then the wafer should be cut into pieces to make chips. We aim for mass production in 2022 and delivery of mines during the third quarter of 2022, says Zachrisson.
>https://e24.no/boers-og-finans/i/VqGqpd/harmonychain-vil-ta-dogecoin-databrikke-paa-boers-verdsettes-til-over-300-millioner

The Harmonychain Group consists of several companies specializing in Environmentally Friendly Digitalization. The Harmonychain Group has under development a new dual purpose Artificial Intelligence (AI) and Scrypt ASIC Supercomputer microchip that is tailored towards blockchain accounting/mining that is up to 300%-500% more energy efficient than existing Scrypt mining systems. For comparison, Bitmain is currently contemplating a capital raise @ EV of US$ 40-50 Billion.
>https://harmonychain.com/about-us/


NEVER FUCKING SELLING.

>>28195002
Hell, almost seems like they're just doing what we're doing.

>musk is smart
>if he's interested, invest