Sino-Global starts bitcoin-mining, their stocks soared

The Nasdaq-listed shipping giant launches a new division for BTC-mining. They will be purchasing miner equipment from Bitmain. The company’s stocks jumped 130% after the announcements. Of course, since then, there was a healthy pullback.

sino-global bitcoin mining
Logistic, shipping

The first public traded company, which committed with Bitcoin, is MicroStrategy. After that, analysts of Citigroup downgraded their papers due to the “too much focus on BTC”. MicroStrategy’s stocks now worth 110% more than that time.