Tag: distressed

Nigeria’s Forex Crisis Adds MTN to Growing List of Financially Distressed Companies -March 04, 2024 at 07:06 am EST

Nigeria’s Forex Crisis Adds MTN to Growing List of Financially Distressed Companies -March 04, 2024 at 07:06 am EST

"Most of the naira weakness will affect 2024, more than 2023, and it will take some time for MTN to recoup cost pressure from the consumer given regul [...]
Distressed Crypto Specialist Thomas Braziel Sets Up Investment, Advisory Firm

Distressed Crypto Specialist Thomas Braziel Sets Up Investment, Advisory Firm

The company, 117 Partners, will be a hybrid between advisory and investment, said Braziel. www.coindesk.com [...]
‘Risk’ FX is trading higher on the chatter of a bailout &/or sale of distressed bank SVB

‘Risk’ FX is trading higher on the chatter of a bailout &/or sale of distressed bank SVB

I posted earlier on the early forex rates, all indicating higher against the US dollar on the back of some sort of rescue for depositors at troubled [...]
‘Innovation Hubs’ Aim to Lift Distressed Areas. Congress Just Has to Fund Them.

‘Innovation Hubs’ Aim to Lift Distressed Areas. Congress Just Has to Fund Them.

A new report suggests where 20 newly created research centers could best revitalize struggling economies and accelerate new technologies www.nytimes. [...]
Binance Targets $1B Recovery Fund for Distressed Crypto Assets: Bloomberg

Binance Targets $1B Recovery Fund for Distressed Crypto Assets: Bloomberg

The Binance fund will be open to contributions from other industry players. www.coindesk.com [...]
BTC miner CleanSpark scoops up thousands of miners amid ‘distressed markets’

BTC miner CleanSpark scoops up thousands of miners amid ‘distressed markets’

Sustainability-focused Bitcoin (BTC) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop of mining industry c [...]
Distressed Democrats Look to Obama to Boost Turnout

Distressed Democrats Look to Obama to Boost Turnout

The former president is hitting the campaign trail, beginning in Georgia on Friday night, to try to help Democrats energize voters and regain momentum [...]
Distressed GBP on the Backfoot Ahead of Next Week’s Key Data

Distressed GBP on the Backfoot Ahead of Next Week’s Key Data

POUND STERLING ANALYSIS TALKING POINTSU.S. NFP print keeps pound depressed.UK labor data and U.S. inflation direct the economic calendar next week.Lo [...]
Bitmain Founder Jihan Wu Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets: Report

Bitmain Founder Jihan Wu Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets: Report

Jihan Wu, crypto billionaire and founder of bitcoin miner maker Bitmain, is setting up a $250 million fund to purchase distressed assets from mining f [...]
SBF denies FTX is eyeing distressed crypto mining companies

SBF denies FTX is eyeing distressed crypto mining companies

Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining c [...]
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