Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining companies, clarifying on Twitter on Saturday that they “aren’t really looking into the space.”
“Really not sure why the meme about FTX and mining companies is spreading, the actual quote was that we *aren't* really looking into the space,” clarified Bankman-Fried on Twitter on Saturday.
Speculation that the company was on the lookout for mining firms came from an interview with Bloomberg on Friday, after the FTX founder said he did not want to discount the possibility of a “compelling opportunity” in the mining industry, stating:
“There might come along a really compelling opportunity for us — I definitely don’t want to discount that possibility.”
However, the quote appears to have been taken out of context, forcing SBF to clarify that the firm is “not particularly looking at miners” but is “happy to have conversations” with mining...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...