Overstock Invests $5 Million in Peernova in First Bitcoin Investment

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US retail giant Overstock has invested in blockchain technology specialist Peernova as part of its second tranche of Series A financing.

Formed through a merger between cloud mining contract provider CloudHashing and ASIC hardware designer HighBitcoin in early 2014, Peernova raised $8.6m in funding last December as it sought to accelerate its shift away from mining.

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