this month after US drinks company Long Island Iced Tea changed its name to Long Blockchain and watched its shares rise from $2.44 to $5.25, the company is hoping to raise $8.4m in a public offering. In a statement, the company said it had filed documents with the US Securities and Exchange Commission, before separately revealing the funds raised would be used to purchase 1,000 bitcoin mining machines. The computers, set to ship Weeks, will be installed at Nordic Data Centre in northern Sweden.
Weeks after US drinks company Long Island Iced Tea changed its name to Long Blockchain and watched its shares rise from $2.44 to $5.25, the company is hoping to raise $8.4m in a public offering. In a statement, the company said it had filed documents with the US Securities and Exchange Commission, before separately revealing the funds raised would be used to purchase 1,000 bitcoin mining machines. The computers, set to ship this month, will be installed at Nordic Data Centre in northern Sweden.