SBF denies that FTX is eyeing distressed crypto mining companies
Sam Bankman-Fried said that crypto miners are not the company's core strategy and that he doesn't there was no synergy from an acquisition point of view.
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Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is considering acquiring struggling crypto mining companies, stating on Twitter on Saturday that they "don't really look in space".
"I really don't know why the meme about FTX and mining companies is spreading, the actual quote was that we *don't* really look into space," Bankman-Fried clarified on Twitter on Saturday.
Speculation that the company was looking for mining companies came from an interview with Bloomberg on Friday, after the FTX founder said he didn't want to rule out a "compelling opportunity" in the mining industry, stating:< /p>
"There could be a really interesting opportunity for us - I certainly don't want to rule that out."
However, the quote appears to have been taken out of context, forcing SBF to clarify that the company "doesn't particularly look at miners" but is "happy to have conversations" with mining companies.
umm to be clear i said pretty much "meh don't particularly look at minors but of course happy to have some conversations with companies" https://t.co/liHKS2y06Z
— SBF (@SBF_FTX)
Sam Bankman-Fried said that crypto miners are not the company's core strategy and that he doesn't there was no synergy from an acquisition point of view.
New
Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is considering acquiring struggling crypto mining companies, stating on Twitter on Saturday that they "don't really look in space".
"I really don't know why the meme about FTX and mining companies is spreading, the actual quote was that we *don't* really look into space," Bankman-Fried clarified on Twitter on Saturday.
Speculation that the company was looking for mining companies came from an interview with Bloomberg on Friday, after the FTX founder said he didn't want to rule out a "compelling opportunity" in the mining industry, stating:< /p>
"There could be a really interesting opportunity for us - I certainly don't want to rule that out."
However, the quote appears to have been taken out of context, forcing SBF to clarify that the company "doesn't particularly look at miners" but is "happy to have conversations" with mining companies.
umm to be clear i said pretty much "meh don't particularly look at minors but of course happy to have some conversations with companies" https://t.co/liHKS2y06Z
— SBF (@SBF_FTX)What's Your Reaction?
