have said they are in a liquidity crunch. The stock prices of all three publicly traded miners have plunged more than 90% this year.
“ASIC financiers going through distress and bankruptcy will contribute to the cost of capital rising significantly in the space, and access to capital drying up,” said mining service firm Luxor’s chief operating officer, Ethan Vera, who also estimated the total debt of up to $2.5 billion outstanding for the miners.
FTX_Official egreechee This is not good, not good at all!
FTX_Official egreechee It will definitely hurt a lot of people ranging from retail investors to big institutional investments in the platform. Once legal proceeding are finalized we will start to see the final affects from their collapse.
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