CryptoQuant CEO Calls on Tech Giants to Save US Miners from Debt Crisis by CoinEdition


CryptoQuant CEO Calls on Tech Giants to Save US Miners from Debt Crisis
  • Ki Young Ju asked TradFi to bail out US-based BTC miners.
  • American mining companies are now working hard to try to pay off the debt.
  • FoundryUSA now controls a hash rate of 42%, which is the highest dominance rate since 2014.

Ki Young Ju, CEO of data analytics firm CryptoQuant, is calling on wealthy investors for a bailout to buy US-based (BTC) miners and their crypto holdings at a discount this year.

In a Twitter thread today, Young Ju argued that American miners are running mining rigs as hard as they can to pay off financing debts owed on the equipment they were leasing. The CEO shared a graph showing that miner FoundryUSA captured 42% of the entire hash rate over the past 24 hours. He added that the number represented the largest dominance since 2014.



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