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The iced tea company that said it would buy 1,000 bitcoin mining machines is backpedaling on its plans
From markets.businessinsider.com
Long Blockchain, the New-York company that back in December changed its name from Long Island Iced Tea to avoid being kicked off Nasdaq’s stock exchange, is backpedaling on its previous plans to purchase 1,000 bitcoin mining machines. Shares of the company gained about 2% at market open Friday, but it was not enough to return the company’s market cap to $35 million — the minimum required for continued listing on Nasdaq, according to the exchange operator's website. Long Blockchain originally announced on January 5 that it would sell $8.4 million worth of stock to finance its purchase of 1,000 S9 bitcoin mining ... (full story)
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