Week in Review: Most popular stories on GeekWire for the week of March 7, 2021
March 14, 2021 at 8:00 am
Get caught up on the latest technology and startup news from the past week. Here are the most popular stories on GeekWire for the week of March 7, 2021.
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Most popular stories on GeekWire
SpaceX, Amazon and OneWeb say their satellite mega-constellations will make broadband internet goodness available to billions of people around the world who are unserved or underserved but some say those promises have to be weighed against the potential perils. … Read More
Investors sue Washington state bitcoin mining magnate who they say bilked them for millions
March 12, 2021 at 8:17 am
Malachi Salcido, founder of Salcido Enterprises, used his expertise building large climate-controlled buildings to set up a bitcoin mining operation in the Wenatchee Valley. (GeekWire File Photo)
Investors who bet big on Malachi Salcido, a self-described bitcoin mining magnate, now claim the Washington state man busted his own business, and may have cost them millions of dollars.
A group of investors who sunk $8.5 million into Salcido’s bitcoin mining company, StepChange, claim the Wenatchee man misappropriated, embezzled or otherwise misspent $2.4 million in company money over three years. At one bitcoin mine that he owns, Salcido charged StepChange a company that he held a controlling interest in rents that were more than nine times what he was paying on the mortgage.
Investors sue Washington state bitcoin mining magnate who they say bilked them for millions msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Utility crews east of the Cascades are once again on high alert for suspiciously high power bills, 24-hour exhaust fans, and other telltale signs of bootleg bitcoin mines.
Insect farming startup raises $9.3M, builds North America’s largest mealworm facility east of Seattle
December 11, 2020 at 10:44 am
Beta Hatch CEO Virginia Emery, center, wields a shovel during a ceremonial groundbreaking in September with officials from the city of Cashmere, Wash., U.S. Rep. Kim Schrier, right, and Malachi Salcido, second from right, whose next-door cryptocurrency mine will provide heat for Beta Hatch’s new production facility. (Beta Hatch Photo)
Beta Hatch is planning to grow more than insects east of Seattle in Cashmere, Wash. The 5-year-old startup is growing its entire operation and in the process has raised $9.3 million in new funding, the company announced Friday.