[2015-12-22] Nearly broke Bitcoin mining company BTCS raises $1.4m to keep it ..

[a7mos]

Nearly broke Bitcoin mining company BTCS raises $1.4m to keep it going…for now

Confirming that there’s a sucker born every minute, Bitcoin mining outfit BTCS, Inc. has raised $1.4 million in a post-IPO equity round led by Cavalry Fund LP.

The funding comes after news via way of a Securities and Exchange Commission (SEC) filing in November that detailed that the company was in serious financial strife and was literally running out of money.


http://siliconangle.com/blog/2015/12/22/nearly-broke-bitcoin-mining-company-btcs-raises-1-4m-to-keep-it-going-for-now/