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Lawsuit Shows How a Public Firm’s $80M Bet on Bitcoin Miners Went Terribly Wrong

Lawsuit Shows How a Public Firm’s $80M Bet on Bitcoin Miners Went Terribly Wrong – Sunriseread

In March 2018, shortly after bitcoin’s bull run to $20,000, a publicly-traded Chinese language firm invested 500 million yuan, price $80 million on the time, to purchase 100,000 bitcoin mining models. Because the bear market kicked in in the course of the months that adopted, so, too, did a contract dispute, providing a uncommon window …







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