Crypto Mining Outfit Bitfarms to Depreciate $19 Million as Founder Denounces Bitcoin
Founder and former CEO Roy Sebag twitted on Wednesday that he has sold all of his bitcoin assets barring his 22.5% Bitfarms stake
For daily updates, subscribe to our newsletter by clicking here.On Wednesday, the company's founder and former CEO Roy Sebag twitted that he has sold all of his crypto assets barring his Bitfarms stake.
I have sold my bitcoin today from the prior trade. No crypto exposure currently other than my stake in Bitfarms.— Roy Sebag (@roysebag) March 6, 2019
In a following tweet, Sebag stated that "as an entrepreneur" he is constantly failing, but he has gotten good at "cutting losses and valuing the information which arises from each failure."
One thing people have to recognize is that being a contrarian means you are constantly wrong. And as an entrepreneur I also fail all the time. What I have been good at is cutting losses and valuing the information which arises from each failure to reposition and maintain momentum— Roy Sebag (@roysebag) March 6, 2019
Sebag, which stepped down as CEO and board member in April, currently has a 22.5% stake in Bitfarms.