Kodak starts bitcoin mining + launches KodakCoin

[alfs75]

Just when I thought nothing in the crypto world could surprise me anymore

https://www.bbc.co.uk/news/amp/technology-42630136

How i wonder,as when i remember in my childhood that kodak company are only making an film for  camera  and developing the pictures and now they are jumping to new kind of bussiness are this is the mining investmment,will its a great kind of marketing strategy investment,we  only hope  in kodak company that they will stick in this mining business for many years we wish them luck and hoping there capital or asset will rise.

[BenRickert]

most likely they just want to play on a hype trend

Exactly. That's all this is. A company jumping on a hype, hoping to see their shares rise (which is exactly what happened). Can't blame them I guess, but it's pretty dumb

Actually you can "blame" them. As a matter of fact, the executives of Kodak are so stupid that 7 of them bought large blocks of the Company's common shares 1 and 2 days prior to the announcement and literally sold them the day OF the announcement. The SEC is absolutely looking to "blame them" and I would bet a large amount of money that several Kodak insiders are going to jail for insider trading. Look it up. The SEC investigation is already underway. The dumbshits also sold the shares way before they actually rallied to the highs. They got so anxious they left millions on the table. Which they will need to pay their attorneys.