Ladies and gentlemen.

Bitmain seems to have run out of cash reserves as they spent all their money on BCash. They spent 70% of there operating cashflow from 2016 to q1 2018 on BCash. They have $880m of bcash on the balance sheet and only $100m of USD

As a result they are desperate to be bailed out. They are raising money pre IPO and will then do an IPO

Follow

IMO, It should be our top priority to highlight this and not let them get bailed out, without investors and the public knowing they made this big error.

So all you bloggers, podcasters, twitterers... please highlight this topic as much as you can.

Sign in to participate in the conversation
Mastodon

Server run by the main developers of the project 🐘 It is not focused on any particular niche interest - everyone is welcome as long as you follow our code of conduct!