Crypto bear market will provide ‘excellent’ M&A opportunities: White Rock CEO
“The sector has been here before and well capitalized and efficient miners will do just fine,” said White Rock CEO Andy Long. White Rock Management CEO Andy Long believes bear markets "present excellent opportunities” for expansion via mergers and acquisitions in the crypto mining sector. Speaking with Cointelegraph, the crypto mining company CEO noted that companies who have managed their balance sheets effectively are in “great shape” during this bear market, and will continue to do well even if there’s more volatility to come. “The bear market has presented challenges for the miners who....
Related News
White Rock is partnering with a sustainable energy infrastructure provider to capture excess natural gasses released from oil wells to mine bitcoin in Texas.
The company reported its operations in the United States will have an initial capacity of 3 megawatts, aiming for the firm’s total hashrate to be more than 1.6 EH/s. White Rock Management, a cryptocurrency mining company based in Switzerland, said it will be expanding its operations to the United States, starting with Texas.In a Tuesday announcement, White Rock said it will be partnering with Natural Gas Onsite Neutralization, or NGON, a company that captures natural gas that would otherwise be burned and converts it to energy for use in the firm’s Bitcoin (BTC) mining operations. White....
“The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Texas with some diversified offering," said CEO Andy Long. Amid many cryptocurrency mining firms in Texas scaling down operations to reduce the load on the power grid, at least one company set up miners not quite as affected by the state’s energy requirements during extreme heat.In June, White Rock Management expanded its crypto mining operations to Texas — its first in the United States — but reported its facility in the Brazos Valley region would mine Bitcoin (BTC) using....
Under normal circumstances, it’s harder to make money during a bear market than in a bull run, unless one wants to explore derivatives and leveraged trading. That situation is a bit different in the cryptocurrency world. Current market conditions are an excellent time to explore staking opportunities for one’s crypto assets. Bear Markets Are An […]
For experienced investors, a bear market is nothing out of the norm. It has happened in the past, and it will happen again — even in cryptocurrency. The majority of new investors are in the middle of their first crypto winter, during which most digital assets have depreciated by more than 70% from their November 2021 highs. While a bear market is tough for everyone, it can be especially challenging for those who are new to the space and don’t have much experience dealing with market volatility.That said, there are still opportunities to earn passive income during a bear market — crypto....