Harmonychain AS ( (DE:7EW) ) has shared an update.
Lokotech, a subsidiary of Harmonychain AS, is transitioning to mass production of its Scrypt ASIC miner, marking a significant milestone after years of development. The company has secured substantial pre-orders and framework agreements, positioning itself strongly in the $1.4 billion Scrypt mining market. To support this growth, Lokotech has launched a partially underwritten rights issue to raise capital, ensuring financial stability and rewarding shareholders with tradable subscription rights and bonus warrants. This strategic move is expected to drive exceptional growth in 2025 and beyond, reinforcing Lokotech’s competitive edge in the semiconductor industry.
More about Harmonychain AS
Harmonychain AS operates in the semiconductor industry, focusing on developing advanced ASIC technology for cryptocurrency mining. The company is particularly known for its Scrypt ASIC miners, which are designed to offer superior speed and energy efficiency, targeting a rapidly growing market segment.
YTD Price Performance: -4.58%
Average Trading Volume: 2,500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €29.47M
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