Natural Resource Holdings, one of Israel’s largest gold producer said it is diversifying into Bitcoin mining.
The company which is publicly quoted on the Tel Aviv Stock Exchange has now been reported to have acquired BACKBONE Hosting Solutions, operating under the commercial brand Bitfarms, to buy 75% of its shares in exchange for 75% its own stocks.
In response to the report, investors have poured in, making the relatively small company the tenth most traded on the TASE by volume.
Shares of Natural Resource Holdings has now skyrocketed by 1,300%.
