(https://i.imgur.com/1HqCxx6m.jpg)
Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market. Announced on July 12, the firm has entered into an agreement with select institutional and accredited investors to raise $50 million through a private placement. Bit Mining is raising the funds in response to the Chinese Communist Party’s crackdown on crypto mining... See more for yourself here (https://cointelegraph.com/news/bit-mining-raises-50m-to-take-operations-out-of-china).
Your opinion is greatly appreciated.