RIP BlockFi
We previously reported that the mining company BlockFi is attempting to pay off its loan debts by selling collateral ASICs.
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Yesterday, the United States Bankruptcy Court for the District of New Jersey authorized the sale of the equipment in order to minimize the effects of the default.
How does this affect BlockFi? There will only be a rise in the number of people willing to purchase mining farms at low prices. After all, an official permit to hold a memorial service for BlockFi has now been issued.
The guys could finally enter the bull market after just two more months.
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