ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

The cloud mining platform KelyMiner announces its industry valuation exceeding $560 million and has received widespread acclaim.

By: Get News

For years, Kely Miner has been silently leading the crypto mining industry in Europe and America.

Kely Miner is expected to receive more financial support to further develop its business. As a "godfather" figure in the mining industry, Kely Miner CEO Mike Colyer has deeply cultivated the crypto industry. In September 2023, Kely Miner reported a half-year revenue of $215 million and a net profit of $83 million. As a dominant force in the mining industry in Europe and America, Kely Miner once held about one-sixth of the global mining machine market share. Interestingly, because mining machine production requires the design of proprietary chips, Kely Miner also became the second-largest chip cooperation company in China, becoming the best partner of Antminer.

Kely Miner has invested in solar power stations in global locations such as Brazil and Mexico to control the electricity costs of cloud mining. Massive investments in building mining pools have led to explosive growth in Kely Miner's user base. Crypto lending company CEO Prince has valued Kely Miner at over $560 million in the media.

Cloud mining refers to renting Bitcoin mining equipment from specialized mining facility institutions. Like KelyMiner and HashNest, physical companies charge a daily service fee for their cloud drilling rights, offering mining power packages and daily mining rewards.

Kely Miner offers a variety of cloud mining packages, supported by numerous users, bringing a certain level of influence to the entire cloud mining crypto industry. However, due to the volatility of cryptocurrency exchange rates and mining challenges, cloud mining also has a high degree of volatility. Currently, the entire crypto industry has formed a sufficiently rich and diversified independent ecosystem around mining machines, mining, trading platforms, and asset custody, making competition increasingly specialized and intense.

Therefore, for leading companies in the industry that have gradually grown, entering the traditional capital market is undoubtedly a new choice to gain "Old Money" support and open up new development opportunities, and no one will stand by idly.

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

Media Contact
Company Name: Kely Miner
Contact Person: Wilson Allen
Email: Send Email
Country: United Kingdom
Website: https://www.kelyminer.pro/



Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.