BTCS Inc (BTCS): BTCS gets 24m shares for cancelation for...

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Wednesday, 06/21/2017 8:38:42 AM

Wednesday, June 21, 2017 8:38:42 AM

BTCS gets 24m shares for cancelation for zero consideration after listing plans fail

BTCS has failed to list on a national securities exchange before the end of 2016 and to consummate the merger with Spondoolies-Tech.

Maria Nikolova
Industry News
January 31, 2017, 11:21 am UTC

Last year was quite turbulent for BTCS. In July 2016, BTCS Digital Manufacturing (DM), suspended its North Carolina transaction verification services facility operations. A reduction in the block reward from 25 bitcoins to 12.5 bitcoins, along with the facilities cooling system failing, resulted in DM being unable to meet certain of its financial commitments. BTCS has subsequently ceased operations at DM. In August 2016, DM discovered that its facility in North Carolina was broken into and certain of its equipment and approximately 165 Bitmain transaction verification servers leased from CSC Leasing Company (CSC) were stolen.

https://financefeeds.com/btcs-gets-24m-shares-cancelation-zero-consideration-listing-plans-fail/

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