Bitcoin mining hardware maker Bitfury has filed for sale of its remaining 38% stake in the Toronto Stock Exchange-listed mining company Hot 8.
The Amsterdam-based maker filed a notice on December 3 seeking to distribute 3,226,998 shares of Hoot 7 at current prices, valued at 56 56.66 million.
As of September, Bitfury had more than 40 million shares in a press release when it partnered with 4 million HT shares worth $ 0.94 each to award a “strategic trade agreement with a third party.”
Hat 8 currently has a total of 96.73 million shares. Trading at 2 1.52 in the last check, the stock fell 12% in December.
Bitfury’s filing does not specify whether it plans to sell the shares in person or through an exchange. The agency did not respond to requests for comment from Kindesk.
Hat 8 and BitFury partnered in December 2017 to launch the first Bitcoin North America Mining Data Center. Sean Clark, then CEO of Hot 8, described his company as a “proxy for North America’s bitfury.”
But a proxy, it is no more.