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<h2 id="header-0">A spokeswoman from Bitdeer, a bitcoin mining firm sponsored by Jihan Wu, a Chinese crypto millionaire, said the company is creating a $250 million fund to purchase troubled assets from struggling bitcoin miners.</h2>According to Bitdeer&#39;s CEO Matt Kong, &#34;opportunity&#34; present themselves &#34;in every cycle.&#34;Bitdeer wants to purchase affordable equipment from struggling bitcoin miners.The CEO of Bitdeer, Matt Kong, sees opportunities in the future, according to comments he made on Tuesday. Chances exist in every cycle, according to Kong. &#34;You will make money if you can time the market, enter at the low point, and exit at the high point. It performs remarkably well for mining.The slump of the crypto winter has been detrimental to bitcoin miners and cryptocurrency miners in general. A report from the end of June stated that $4 billion in loans for bitcoin mining were in trouble. Cleanspark declared in mid-July that it had purchased 1,061 discounted bitcoin miners and claimed that the crypto winter had given &#34;extraordinary opportunity.&#34; <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">Bitcoin</a> miner Compute North submitted a Chapter 11 bankruptcy petition five days ago.The CEO of Bitdeer, Matt Kong, sees opportunities in the future, according to comments he made on Tuesday. Chances exist in every cycle, according to Kong. &#34;You will make money if you can time the market, enter at the low point, and exit at the high point. It performs remarkably well for mining.Currently, Bitdeer is attempting to close a $4 billion Special Purpose Acquisition Company (SPAC) acquisition. The agreement with the blank check company, however, has been delayed, and the business has requested an extension. While cryptocurrency miners are struggling, according to Kong, the company has the chance to purchase equipment for a significantly lower price.With reliable and affordable power purchase agreements, we can purchase the less expensive machines and operate them in our current facilities, Kong continued. &#34;The money will flow to you.

Bitdeer creates a $250 million fund to buy assets from struggling bitcoin miners

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Інші статті, опубліковані 29 вер. 2022 р.

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