Bitcoin Shop (BTCs) announced on April 28 that it signed a letter of intent (LOI) to a merge with Spondoolies Tech, an Israeli mining hardware manufacturer. This new development will entrench BTCs’ interest in transaction verification services and mining. This is not the first deal the two companies have made. Bitcoin Shop has been a client of Spondoolies Tech for some time now. In fact, the publicly traded company is in the process of setting up an 83,000 square foot mining facility in North Carolina, with much of the equipment supplied by Spondoolies Tech, a shareholder in Bitcoin Shop. Integrating …