The firm said unrealized losses are expected in a downturn, arguing its ethereum-heavy balance sheet is designed to track and outperform ETH over a full market cycle.
Tom Lee says BitMine’s $6 billion ether paper loss is “by design”
The firm said unrealized losses are expected in a downturn, arguing its ethereum-heavy balance sheet is designed to track and outperform ETH over a full market cycle.
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The price drop follows a meteoric rally from $165 to $420.
The crypto exchange's broadening product suite and dominant U.S. market position set it up well for the long term, many analysts said.
Nir Rikovitch is joining the bitcoin miner to scale up the firm’s technological offerings.
Telegram founder Pavel Durov regained access to his passport, allowing him to travel freely.