Long Blockchain strategically changed it’s company name in order to ride the wave of the cryptocurrency craze toward the end of 2017.
Since the iced tea company’s name change, stock shares soared to a 500 percent increase, while pledging a full on effort to acquire machines in order to mine for cryptocurrency.
Plans, however, have changed, dipping shares to a 50% decrease, compared to the beginning of the year.
According to Long Blockchain,
“We will continue to evaluate the purchase of mining equipment for Bitcoin and other digital currencies as part of our larger blockchain initiative”
It looks like they are still considering the idea, like dangling a carrot on a string.
As long as it pumps up the share prices, they will say, or do whatever it takes it seems.