Press

Fatfish basks in strong cryptocurrency performance underpinning APAC Mining

24-04-2018

Fatfish basks in strong cryptocurrency performance underpinning APAC Mining By George Tchetvertakov April 19, 2018 Cryptocurrency mining is reaping dividends for Fatfish Internet Group (ASX: FFG) as the company continues to sow its commercial strategy across various sectors of cryptocurrency, fintech and consumer internet technologies. The ASX-listed venture capital and development company which also has crypto-mining interests in APAC Mining (now known as Minerium), a privately-held company in which Fatfish has a 51% stake following a US$1 million investment earlier this year. APAC Mining currently has active Bitcoin and Ethereum mining activities which Fatfish says are on track to deliver US$1.7million (A$2.19million) annualised gross revenue per year, as a result of mining approximately 170 bitcoins and 690 Ethereum ethers per calendar year. Furthermore, Fatfish reports that APAC’s operations are currently operating at 60% capacity due to a delay in electrical engineering work at its mining server farms in Malaysia, but says that its servers will be running at full capacity “within the next 30 days”. Cryptocurrency delights Fatfish has remained stoic in tempering growing excitement within the rapidly emerging crypto-mining niche by saying that “as the operation is still in its early stage it is too early to estimate its […]

Fatfish Internet Group to invest US$1mil into cryptocurrency mining startup

17-04-2018

Fatfish Internet Group to invest US$1mil into cryptocurrency mining startup By Digital News Asia | Jan 11, 2018   APAC Mining will focus on mining Bitcoin, Bitcoin Cash and Ethereum Start operation in 2 weeks in Malaysia initially, Mongolia expansion next FATFISH Internet Group Ltd (FFG) announced yesterday it has entered into a legally binding investment agreement to invest US$1 million (RM4 million) of seed capital into APAC Mining Corp (APAC Mining, now known as Minerium), a Singapore headquartered startup that is being set up to invest and manage large-scale high-end computing facilities in Asia to conduct cryptocurrency mining. Cryptocurrency mining refers to the process of using computing power to calculate the complex mathemical solution that enables the confirmation of cryptographic digital token transaction on the blockchain network in order to earn a transaction fee and in-built reward tokens emitted by the blockchain network. APAC Mining will set up its first computing farm in identified secured locations in Malaysia to take advantage of the relatively lower electricity tariff for industrial use in Malaysia. It will take on an active management strategy to optimise yield by mining popular cryptographic tokens that are well traded on international exchange, such as Bitcoin, Bitcoin […]

Fatfish invests into cryptocurrency mining startup APAC Mining

13-04-2018

Fatfish invests into cryptocurrency mining startup APAC Mining By Lorna Nicholas  |  January 10, 2018   Fatfish Internet Group (ASX: FFG) has agreed to invest US$1 million into cryptocurrency mining startup APAC Mining Corp (now known as Minerium), which was established in Singapore to invest and manage large-scale advanced computing facilities in Asia for cryptocurrency mining. The investment will give Fatfish a 51% controlling stake in the startup and the ability to appoint two directors to APAC Mining’s board, which will be Crypto Financial Markets director Phillip Lord and Fatfish chief executive officer Kin Wai Lau. Fatfish will use its existing cash reserves to fund the transaction. For those unfamiliar with cryptocurrency mining, it is a process where computing power is used to calculate the complex mathematical solutions needed to confirm cryptographic digital token transactions on a blockchain network. In other words, the computing power provides an accounting service and verifies transactions. Those submitting the computing power for the transactions can earn a transaction fee and receive reward tokens from the blockchain network. APAC Mining will use the US$1 million to procure computing equipment and set up a secure location with the first two computing farms to be established in Kuala […]

Fatfish surges after backing UK fintech [news.com.au]

13-04-2018

Fatfish Internet Group has almost doubled its share price since its US$250,000 investment in a UK-based fintech venture builder. Global tech investor Fatfish Internet Group has almost doubled its share price since its US$250,000 (A$320,000) investment in a UK-based fintech venture builder. The company is throwing its support behind Altairian Holdings, which is launching financial service businesses focused on regulated cryptocurrency space in the United Kingdom. Since the deal was announced on Tuesday, Fatfish shares have surged from 5c to a 52-week high today of 9.4c. Altairian will initially launch a UK Financial Conduct Authority (FCA) – regulated asset management company (AMC) focusing on cryptocurrencies and look to add further exposure with digital currencies based Robo-advisors and prime brokerage businesses. Initially offering its services in the UK as an asset manager in accordance with FCA guidelines, the AMC will target professional investors seeking to invest in cryptocurrency and offer a range of funds. Fatfish will also invest US$500,000 into the AMC’s flagship fund, the “Global Currencies Fund”. The deal places Fatfish at the forefront of UK-regulated cryptocurrency transactions between institutional investors. The company’s founders are experienced UK-regulated financial service professionals with over 40 years Wall Street experience including Michael Collett […]