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Valereum to end bitcoin mining to focus on Gibraltar exchange

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Reuters UK

By Huw Jones LONDON (Reuters) – Blockchain company Valereum said on Thursday it was selling its bitcoin mining assets to Vinanz Ltd for a 24% stake in the company as part of plans to acquire and expand the Gibraltar Stock Exchange. Valereum, which gave no value for the deal, said the sale of its bitcoin assets was conditional on Vinanz being listed on a stock exchange. Valereum shares were down 13% at 1030 GMT. The price of bitcoin, the biggest cryptoasset token, has crashed in recent months by some 70% since its November record of $69,000. It currently trades at $23,509. “This is a strategic …

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