Coin Gabbar Token

<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

Innehållsförteckning

Coingabbar

Andra artiklar publicerade 29 sep. 2022

CAKE PRICE ANALYSIS CMP-$5.05 What happens now that CAKE has retested its four-month high?

An Ultimate Guide to The Merge and Ethereum's Proof-of-Stake Transition

ETHEREUM PRICE ANALYSIS CMP-$1320 Price is set to fall further, trading below 100-day moving average

Astar Network Partners with Legendary Artist Yoshitaka Amano to Release New NFT Collection

PUBG Creator Introduces NFTs And Metaverse Features In New Game

Crypto News of the Day: CFTC says clear regulations can boost BTC price, Safe launches SafeDAO an...

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!