CryptoQuant CEO Calls Tech Giants to Rescue US Miners from Debt Crisis

Ki Young Ju, the CEO of data analytic firm CryptoQuant is calling on wealthy investors to undertake a rescue mission of buying out US-based Bitcoin (BTC) mining companies and their crypto holdings at a discount this year.

In a Twitter thread today, Young Ju argued that US miners are running mining rigs at their maximum capacity to repay the financing debt owed on equipment they were leasing. The CEO shared a chart illustrating that mining firm FoundryUSA took 42% of the entire hash rate over the last 24 hours. He added that the figure represented the most extensive dominance since 2014.

Source: Cryptocurrency -

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