RE:RE:Almost half the float sold It’s dark times for the cryptocurrency industry, and that includes Vancouver-based Luxxfolio (Luxxfolio Stock Quote, Charts, News, Analysts, Financials CSE:LUXX), which recently gave indications of folding up shop. PI Financial analyst Kris Thompson delivered a report on the company on Wednesday where he moved his rating on the stock from “Buy” to “Under Review” after a recent update from the company.
Luxxfolio, which operates an industrial-scale cryptocurrency mining facility in the United States powered by renewable energy, gave an operations update on Wednesday, saying the depressed crypto market has caused the company to “seek strategic alternatives” with regards to its 15MW bitcoin mining facility in New Mexico.