ConsenSys will manage its space strategy at the former Redmond, Washington, Planetary Resources site. Chris Lewicki, head of Israel and planetary resources, is joining ConsenSys as part of the agreement.
The newly-established companies did not outline a roadmap at this stage. However, acquisition is as much a result of financial need as anything else. The company has approached its asteroid mining plans by testing its technologies in space, but has recently fired employees after failing to secure an important round of funding. The acquisition of ConsenSys gives the planetary resources a lifeline that should keep its plans intact, although it is now likely that the company will delay a mission to inspect the key asteroids beyond its original 2020 target.