Former Iced Tea Maker Cancels Purchase of Bitcoin Mining Rigs

Former Iced Tea Maker Cancels Purchase of Bitcoin Mining Rigs

Less than a month after agreeing to purchase 1,000 AntMiner S9 crypto mining rigs, former iced tea maker Long Blockchain has scrapped the plan. In a Friday filing with the U.S. Securities and Exchange Commission, the company announced it would not purchase either the mining rigs or the power supply units it had originally indicated it would buy in a filing early in January. No reason was given for the change in plan. However, when the purchase deal was originally announced , it was noted that the company had until Jan. 31 to raise $4.2 million to complete the […]

Leave a Reply