Chinese Firm Huatie HengAn Losses $23 Million in Its Secret Crypto Mining Business

2019-4-21 01:25

A Chinese company subsidiary of Huatie, has been sold for $2 million after having a valuation of $25 million a year ago. The firm is called Huatie HengAn and the reason behind this plunge in its value is related to the drop in cryptocurrency mining profitability. Company Losses 90% Of Its Value After Bear Market […]

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million huatie mining chinese company value losses

Источник: bitcoinexchangeguide.com

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Chinese Company Lost $23 Million Allegedly Mining Cryptocurrency in Secret

A subsidiary of Chinese firm Huatie has been sold off at 10 percent of its initial value following losses from suspected secret cryptocurrency mining activities amounting to about $23 million. 90 Percent Value Plunged Probably Due to 2018 Bear Market According to Chinese crypto media outlet 8BTC, Huatie HengAn, a subsidiary of Huatie has been sold for $2 million.

2019-4-20 02:00


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