https://twitter.com/btcking555/status/1070273504011005952BTCKING555
@btcking555 8 minutes ago
Approached by an investor desperate to liquidate Bitmain shares at $1,5 bln valuation ! Thats almost 90 prc down-round from August !
https://twitter.com/btcking555/status/1070278748606472192BTCKING555
@btcking555 53 seconds ago
With massive losses, Bitmain has no resources to support BCH. Illiquid BCH falls further hitting Bitmain balance sheet. Suppliers cut off credit lines & buyers wary to purchase equipment. IPO Canceled. Only solution - significant down round and VCs take over? Interesting to see!
Why on earth did they get seduced by Ver on BCH? Utterly retarded, a real school boy error.
What will Bitmain do now going forward, just switch to solely mining bitcoin again & write off their BCH related losses or can they afford to do that?