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Long Blockchain nixes mining equipment purchase

Published 02/02/2018, 08:14 AM
© Reuters.  Long Blockchain nixes mining equipment purchase
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  • Apparently unable to raise the funds with which to purchase 1K cryptocurrency mining units, Long Blockchain (NASDAQ:LBCC) gives up on the idea to instead focus on its merger with U.K.-based crypto brokerage Stater Blockchain.
  • Source: Bloomberg
  • LBCC is down more than 50% from the late-2017 spike following its decision to shift from beverage maker to Bitcoin player. The stock price, however, remains nicely above the level seen prior to the move. Next up: Back to iced tea? (h/t @Quoth the Raven)
  • Now read: Riot Blockchain fast-money investor cashes in


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