Low Price Fails to Derail Bitcoin Mining Companies’ Expansion Plans

By June 9, 2015Bitcoin Business

Bitcoin mining companies, BitFury and KnCMiner, expand their infrastructure

Low price fails deter them

Mining company CoinTerra went bankrupt this year Compared to the 2014 rout, Bitcoin price seems to have stabilized near lower levels. Many in the industry expected at least a shutdown of the major businesses involved in Bitcoin mining. But as the price forms a base near $200-220, Bitcoin mining companies are sensing an opportunity to expand their infrastructure and increase […]

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