BCause LLC, a cryptocurrency mining operation in Virginia Beach that converted to being a mining server farm supporting other mining operations, is seeking the protection of the bankruptcy court under Chapter 11. Its mining subsidiary, BCause Mining LLC, is also named in the court filings. According to legal filings of its two major creditors, BCause…
Read moreCryptocurrency ecosystem BCause LLC today announced that the firm has engaged ASGARD Partners & Co. as its exclusive Capital Markets Advisor for a Series B capital raise of $25 million in equity. After launching its cryptocurrency mining facility in February, BCause is in the process of establishing a spot market and, pending regulatory approval, a derivatives…
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Bcause LLC, creator of the world’s first full-stack cryptocurrency ecosystem, today announced that it has successfully launched its state-of-the-art cryptocurrency mining facility and data center in Virginia Beach. The facility represents the first component of the ecosystem to launch. The data center will support digital mining of bitcoin and other leading cryptocurrencies for a broad…
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Bcause LLC, creator of the first full-stack cryptocurrency ecosystem, announced today the results of its Board of Managers and Chairman elections certified at its Board meeting last night. Members of the Board of Managers elected Karan Rai as the new Chairman of the Board. Shareholders of the privately held company elected five new directors –…
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