Squirrels’ spinoff looks to cryptocurrency

Photo via www.airsquirrels.com

North Canton tech company Squirrels LLC has spun off a sister company to enter the world of cryptocurrency and blockchain technology.

The new company, Squirrels Research Labs (SQRL), was formed in spring but planning for it began last fall, said Andrew Gould, Squirrels chief operating officer and co-founder. SQRL has released a new hardware product — Acorn — that works with computer graphics cards and increases the effectiveness of cryptocurrency mining and blockchain verification, company officials said.

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Story excerpt provided by Crain’s Cleveland Business.
Written by Beth Thomas Hertz.
Originally published August 5, 2018.

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