The "Squire Mining" penny stock company promoted by Coingeek could be a nChain pump & dump scam. Here's the evidence...

"Squire Mining" is a penny stock company, with no revenues. In most years, it had operating expenses around $10,000 - $150,000.

• https://finance.yahoo.com/quote/SQR.CN/financials?p=SQR.CN

For many years, "Squire Mining" listed its business as literally mining for physical metals & minerals, like copper, gold, tungsten, etc.

• http://web.archive.org/web/20151219151736/http://squiremining.com:80/investors/

Then in August 2018, "Squire Mining" suddenly changed its listed business to say that it's now involved with mining Bitcoin & blockchain applications with ASIC chips.

• https://finance.yahoo.com/news/squire-signs-design-agreement-asic-120000826.html

• http://web.archive.org/web/20180803084437/http://squiremining.com/

Wow, what a change. From using shovels to mine for metals & minerals, to using ASIC chips to mine for Bitcoin.

Two months later (October 2018), "Squire Mining" claimed that they now have an ASIC miner prototype, that is faster & more efficient than most commonly used crypto miners on the market, and they will deliver them to Coingeek in 2019.

• https://coingeek.com/squire-asic-miner-delivers-up-to-22-th-s-with-50-less-energy-consumption-tests-find/

• http://archive.is/RQw9s

"Squire Mining" also announced that Stefan Matthews is both the Chairman of nChain and director of Squire.

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As homopit noted in the comments, Squire's ASIC design apparently comes from "Aracore"

• https://globenewswire.com/news-release/2018/10/03/1600530/0/en/Squire-Releases-Positive-Results-From-First-Phase-Testing-Of-New-FPGA-Prototype-ASIC-Microchip.html

And the aracore.io website is shady as hell.

• Domain was registered a few months ago on 3/29/18.

• No web traffic whatsoever.

• No inbound links or mentions from other websites.

• Nothing archived on archive.org

• No SSL, even though it does have a forum (completely dead) & login page.

• The press release page is "Lorem Ipsum" placeholder gibberish.

• The team member links (twitter, facebook, google+) don't even work.

And the "About" page has blatant stock photos for team members..

• https://magbusjap.com/wp-content/uploads/2018/07/crypto_image_03-1-1.jpg

• https://sabae.company/wp-content/uploads/2018/06/crypto_image_07-1.jpg

• https://www.majorleaguecrypto.com/crypto_image_07-1/

• Ryan Gosling is probably disappointed that his photo wasn't included on the team members page.

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At this point, the penny stock company "Squire Mining" looks like a nChain shell company, acquired through reverse merger.

And it could easily be a pump & dump scam, designed to capture the media hype around "blockchain, Bitcoin, ASICs".

Which wouldn't be surprising, given that nChain's Chief Scientist Craig Wright ("Fake Satoshi") is a known fraudster.

• https://www.yours.org/content/craig-s-wright-can-t-be-trusted--and-he-can-t-be-the-public-face-of-bi-b5dc23974006

submitted by /u/normal_rc
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source https://www.reddit.com/r/btc/comments/9lp35y/the_squire_mining_penny_stock_company_promoted_by/