On May 4th, Benzinga interviewed Bespoke Growth Partners CEO Mark Peikin to talk about the triangular reverse merger between TTM Digital Assets and Technologies and Sysorex.
Peikin explains that TTM Digital is the controlling entity of the two subsidiary companies of Sysorex with the other subsidiary being the Sysorex Government Services. Bespoke Growth Partners was an early investor in TTM back when Ethereum was trading at around $60. Peikin then introduced TTM to Sysorex. With north of 12,000 Nvidia computers, the New York and North Carolina-based company is the largest Ethereum miner in the United States. Peikin talked about the benefits to Ethereum over Bitcoin as he believes Ethereum mining is a highly profitable business and more flexible as Ethereum can create “smart contracts” and “centralized finance.”
(SYSX), ($ETH) - Sysorex, Largest Publicly Traded Ethereum Mining Company In US, Talks Merger, Government Contracts, Web 3 0
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Ethereum (CRYPTO: ETH) mining and blockchain company TTM Digital Assets & Technologies completed a triangular reverse merger with
Sysorex Inc (OTC:SYSX) on Wednesday.
The company was run more like and investment fund, Peikin told Benzinga.
Going public puts the company in a position where it can continue to grow while exploring other opportunities related to Ethereum, he said.
Being the only publicly listed U.S. based Ethereum miner makes the company unique, Peikin said.
He acknowledged that there are publicly listed
Bitcoin (CRYPTO: BTC) miners, but said Ethereum holds more optionality and opportunity.
Peikin was interviewed alongside Peter Salanki, co-founder of TTM Digital, on Power Hour.