An investment company is going bananas after saying it’s spinning off its crypto-mining business to position for a ‘bitcoin recovery’ (DPW)

bitcoin miningStephen Lam/Getty Images

  • The investment company DPW Holdings has announced plans to spin off its crypto-mining business, Super Crypto Mining.
  • It says it will pay a special dividend to shareholders of at least 80% of Super Crypto’s common stock.
  • DPW says the spin-off will position Super Crypto for a “bitcoin recovery.”
  • DPW shares spiked more than 25% ahead of Monday’s opening bell.
  • Watch DPW Holdings trade live.

The investment holding company DPW Holdings was soaring ahead of Tuesday’s opening bell, its shares up more than 25% at $ 0.29, after the company said it was spinning off its crypto-mining business, Super Crypto Mining.

DPW said it planned to pay a special dividend of at least 80% of Super Crypto’s common stock to DPW shareholders, allowing them the opportunity to own a “pure play” crypto company.

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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