Crypto billionaire Sam Bankman-Fried just signed a deal with BlockFi Inc., that helped solve the lenders financial issues. The FTX co-founder and CEO also revealed that he is open to potential acquisitions among troubled Bitcoin (BTC) mining firms to help stabilize the industry. The announcement came just as Bitcoin miners are facing distress due to low crypto prices squeezing out profits that many resorted to unloading their crypto holdings to meet liquidity requirements. Sam Bankman-Fried said that he is considering buying out troubled miners to help stem credit contagion in the...
source: https://tokenpost.com/Crypto-billionaire-Sam-Bankman-Friend-open-to-acquiring-troubled-Bitcoin-miners-9674
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