Codebase signed a $2.5 million (USD) definitive agreement to acquire bit mining infrastructure based in the USA for long term revenue generation on 15 January 2021. Codebase’s investment will deliver a first phase of 9,450 Terahash per second worth of mining rigs fully hosted in the USA. The Company has the option for a second tranche of an equal number of mining rigs for a period of one year.
Codebase announced an investment in Trad3r parent company Aerosax Research and Technology Ltd. on February 20th, 2020. The investment was aimed at supporting the expansion plans for the Trad3r app, which at the time had reached 4.3 million users and has now grown to over 7.0 million users.