Crypto Mining Hardware Producer Turns £1K into Over £1M After a Year

A Bury, Greater Manchester-resident has successfully turned his £1,000 (roughly $1,500) into more than £1 million in a span of just 18 months. Twenty-eight-year-old Josh Riddett has been producing specialist crypto mining hardware.

Easy Crypto Hunter, his firm, has grown from selling a single unit (with profits reinvested) into United Kingdom’s biggest GPU mining rig maker. Riddett’s company also provides instructional programs about the crypto space and accounting services for investors and traders.

While 2018 has been a rough year for crypto investors, this does not mean that all dwelling within the space has sustained losses.

Easy Crypto Hunter assembles GPU mining rigs, which are specifically built to secure the networks of different altcoins like Ethereum, Monero, and Dogecoin. The company now takes pride in having more than 100 clients under its belt, which include business owners, property companies, and even retirees. Buyers usually aim to make a profit through the GPU mining rigs to authenticate the transactions on the network of their choice.

In an interview with local news outlet Prolific North, Riddett talks about his company and the future of digital currency, adding:

“We are absolutely delighted to see the business take off and I strongly believe cryptocurrency is here to stay and is set to become more popular and more mainstream as the likes of BMW, Microsoft and Expedia accept it as a form of payment.”

He has also expressed confidence in the fact that virtual currency is already disrupting the payments and banking industries. Riddett states:

“Cryptocurrency is the future.”

During last month’s Made in Bury Business Awards 2018, Riddett took home the Technology Business of the Year award.

Riddett established Easy Crypto Hunter late last year, after graduating from Lancaster University where he studied business entrepreneurship management. His course apparently became instrumental for the success of his business endeavor despite the disadvantageous market setting.

While other crypto-related companies have announced retrenchment plans due to this year’s bear market, Riddett, on the other hand, will be hiring more employees to address the increasing demand for his GPU mining units.