Business

Former SC Government Candidate Is Mining Bitcoin

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  • Multi-millionaire businessman John Warren is currently mining bitcoin through his new business venture.
  • Former South Carolina Governor candidate founded GEM Mining with four other partners.
  • Warren reportedly said his company has raised over $200 million in capital from financial institutions, having mined over 400 BTC in the past nine months.

Former South Carolina Governor candidate John Warren is currently mining bitcoin through a new business venture he has formed with four other founding partners, GEM Mining, according to a report by Related press.

Warren told AP that he and his partners “see huge opportunities” with their mining relationships, adding that he expects the Greenville-based company to become the biggest of its kind in South Carolina and soon among the top few in the country.

“Warren said GEM has raised over $200 million in institutional capital from banks, hedge funds, endowments and pension funds to operate more than 32,000 Bitcoin miners,” according to the report.

https://bitcoinmagazine.com/business/former-sc-gov-candidate-is-mining-bitcoin Former SC Government Candidate Is Mining Bitcoin

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