Thread: Bitcoin et al.
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Old 08-19-2022, 08:08 AM   #176
Edward64
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Join Date: Oct 2005
Article on a crypto miner selling rigs to survive. What caught my eye was it also own power stations. There's probably others that own solar panel farms.

Bitcoin Mining Company Sells 26,200 Rigs to Eliminate $67M Debts | Tom's Hardware
Quote:
A cryptomining company selling off its rigs doesn’t sound like a very hot investment. SDIG has a strength compared to many other miners, though, as it is vertically integrated. As well as owning and operating mining rigs, it owns and operates approximately 165 MW of power generation capacity. Its Scrubgrass and Panther Creek plants in Pennsylvania burn coal refuse, which is a waste byproduct of legacy coal mining operations for power and renewable energy credits.

SDIG stock. From a high of $27.46 back in 2H 2021 to $2.22 now. Quite a fall.

sdig stock - Google Search
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