Freebird, a leading independent coal miner and operator in Australia, has announced that it has received an offer of $100,000 in Bitcoin Cash (BCH) to purchase the business assets of its Coal House Pizza franchise.
In a statement, the company said that it had received an “outstanding offer” from the mining company.
“Our staff and team have been working around the clock to secure a long-term solution and this is the best opportunity we’ve had to invest in our business,” the statement said.
“We’ve been in business for over 25 years and the opportunity to purchase a significant portion of the assets of a successful Australian business has been one that we have been incredibly privileged to pursue.
We are looking forward to welcoming our staff back into the fold.”
Freebird was the subject of a high-profile hack in May, with the company’s website being temporarily unavailable and several employees having their accounts suspended.
“The company is in the process of assessing our next steps and will announce more details in due course,” the company added.
“It’s been a tough month for us.
In the last couple of weeks we have lost the business that we had and also have lost two of our key staff.”
Freebirds operations include operating the Coalhouse Pizza restaurant, which has a combined gross revenue of more than $2 million.
“I can say unequivocally that we are very proud of what we’ve accomplished, but we are equally proud of our customers and their trust,” the coal mining company’s chief executive officer, Andy MacKenzie, said.
Bitcoin Cash has gained popularity in recent months after the cryptocurrency was used to buy a portion of Bitfinex, a bitcoin exchange which has been hacked by hackers.
In December, the UK’s central bank announced plans to begin taxing Bitcoin.
The cryptocurrency, which is traded on the Bitcoin Blockchain, is backed by the Chinese government.
The UK’s move was welcomed by Bitcoin advocates, who claimed it would make the currency more accessible to consumers.
The currency has seen rapid growth in recent years.
The value of a Bitcoin has more than quadrupled to over $US4,200 in just one year.
Freebird is also the subject for a lawsuit in New Zealand, where it has been accused of breaching the Corporations Act by paying employees more than the minimum wage.