BitMine Immersion added $98 million of ether last week as losses balloon to more than $8 billion
BitMine Immersion acquired $98 million worth of ether last week, despite facing significant financial challenges. The company's losses have now exceeded $8 billion, highlighting the ongoing struggles in the cryptocurrency market. This acquisition comes amid a broader downturn affecting many crypto firms. BitMine's actions reflect a strategic move to bolster its asset holdings during turbulent times.
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