RATE Group | Pioneer of cryptocurrency boom falls on hard times
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Pioneer of cryptocurrency boom falls on hard times

21 Oct Pioneer of cryptocurrency boom falls on hard times

Posted at 15:35h in Cryptocurrency News by

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For one of the biggest names in Central Washington’s bitcoin boom, 12 months has made a world of difference.

Last October, Giga Watt was on a scorching upward trajectory. With prices for bitcoin and other cryptocurrencies soaring and international investors clamoring for a piece of the digital action, the East Wenatchee-based company had expanded to 62 employees and raised tens of millions of dollars for what it hoped would be a game-changing project: a sprawling campus of 24 prefabricated buildings where would-be crypto “miners” could run their own computers and solve the complicated mathematical algorithms that yield the…

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