Home Crypto News FTX Dismisses Rumors About Its Acquisition of Crypto Miners

FTX Dismisses Rumors About Its Acquisition of Crypto Miners

by Cryptoroz


FTX CEO believes that “there may be little to no obvious synergy with the remainder of our companies,” whereas “trying from the angle of buying a mining firm.”

Sam Bankman-Fried, the CEO and founding father of Bahamian-based cryptocurrency alternate FTX based in 2019, has lately dismissed the rumors indicating that the corporate can be buying crypto mining organizations.

In line with the official tweet posted on July 2nd, the CEO acknowledged that the agency isn’t at present “taking a look at miners,” nevertheless, it’s prepared to “have conversations with any corporations.”

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Proper after Bankman-Fried fired up the publish, a number of gamers within the crypto neighborhood took the tweet out of context and went to Twitter to state that FTX is actually eying distressed crypto miners. Nevertheless, the founder as soon as once more dismissed the false info:

In reality, the previous tweet was not the only real supply of the rumors, as Bankman-Fried lately talked about in an interview that he “doesn’t wish to exclude something” and is open to the potential for buying a miner if a “very engaging” alternative arises.

“After we take into consideration the mining trade, they do play somewhat little bit of position within the attainable contagion unfold, to the extent that there are miners that have been collateralizing borrows with their mining rigs. There would possibly come alongside a very compelling alternative for us – I undoubtedly don’t wish to low cost that risk.”

Nevertheless, through the interview performed on July 1st, the CEO additionally talked about that crypto miners don’t truly match within the firm’s group as “there may be little to no obvious synergy with the remainder of our companies.”

In different information, it seems that crypto mining is just not universally accepted, as the New York State Senate adopted a measure to ban crypto mining within the metropolis on June third. The last word resolution now rests within the arms of New York Governor Hochul, who’s anticipated to make it throughout the subsequent 5 months.

Gyth L. - Crypto Analyst

by Gyth L. – Crypto Analyst, BitDegree


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