rss
12-15-2017, 10:40 AM
Tobacco company makes a hard pivot to cryptocurrency mining
https://i.amz.mshcdn.com/iNxLUM1eQU4BEfuc_bi84y3BNQo=/575x323/filters:quality(90)/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fima ge%2F677149%2Fa2fef12c-36fe-4fc5-af3a-1229c76a0fa6.jpghttps://a.amz.mshcdn.com/assets/feed-tw-e71baf64f2ec58d01cd28f4e9ef6b2ce0370b42fbd965068e9 e7b58be198fb13.jpg (https://twitter.com/share?via=Mashable&text=Tobacco+company+makes+a+hard+pivot+to+cryptoc urrency+mining&url=http%3A%2F%2Fmashable.com%2F2017%2F12%2F14%2Fc ryptocurrency-cigar-business-pivot%2F)https://a.amz.mshcdn.com/assets/feed-fb-8e3bd31e201ea65385a524ef67519d031e6851071807055648 790d6a4ca77139.jpg (https://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2017%2F12 %2F14%2Fcryptocurrency-cigar-business-pivot%2F&src=sp)
Rich Cigars just made the ultimate pivot: from high-end cigars and tobacco products to cryptocurrency.
The Miami-based company announced (https://www.prnewswire.com/news-releases/rich-cigars-inc-becomes-intercontinental-technology-inc-to-reflect-new-direction-including-multi-national-patent-ownership-and-aggressive-cryptocurrency-mining-664126763.html) Thursday it had become Intercontinental Technology, Inc., and was phasing out the cigar part of the business — aka its entire premise.
Instead the company is jumping into two very not tobacco-related industries: patents and "aggressive cryptocurrency mining." And it initially seems to be paying off.
SEE ALSO: Bitcoin is a victim of its own success (http://mashable.com/2017/12/07/bitcoin-victim-of-its-own-success/)
With Bitcoin, Ethereum, LiteCoin and other cryptocurrencies rallying like crazy (http://mashable.com/2017/12/13/ethereum-700/) in the past few days this seems like a smart move. Who needs a fancy cigar when there's Bitcoin to be mined at nearly $17,000 per coin? Read more... (http://mashable.com/2017/12/14/cryptocurrency-cigar-business-pivot/)
More about Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Mining (http://mashable.com/category/mining/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency (http://mashable.com/category/cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Consumer Tech (http://mashable.com/category/consumer-tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/oEU72zu7uig
https://i.amz.mshcdn.com/iNxLUM1eQU4BEfuc_bi84y3BNQo=/575x323/filters:quality(90)/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fima ge%2F677149%2Fa2fef12c-36fe-4fc5-af3a-1229c76a0fa6.jpghttps://a.amz.mshcdn.com/assets/feed-tw-e71baf64f2ec58d01cd28f4e9ef6b2ce0370b42fbd965068e9 e7b58be198fb13.jpg (https://twitter.com/share?via=Mashable&text=Tobacco+company+makes+a+hard+pivot+to+cryptoc urrency+mining&url=http%3A%2F%2Fmashable.com%2F2017%2F12%2F14%2Fc ryptocurrency-cigar-business-pivot%2F)https://a.amz.mshcdn.com/assets/feed-fb-8e3bd31e201ea65385a524ef67519d031e6851071807055648 790d6a4ca77139.jpg (https://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2017%2F12 %2F14%2Fcryptocurrency-cigar-business-pivot%2F&src=sp)
Rich Cigars just made the ultimate pivot: from high-end cigars and tobacco products to cryptocurrency.
The Miami-based company announced (https://www.prnewswire.com/news-releases/rich-cigars-inc-becomes-intercontinental-technology-inc-to-reflect-new-direction-including-multi-national-patent-ownership-and-aggressive-cryptocurrency-mining-664126763.html) Thursday it had become Intercontinental Technology, Inc., and was phasing out the cigar part of the business — aka its entire premise.
Instead the company is jumping into two very not tobacco-related industries: patents and "aggressive cryptocurrency mining." And it initially seems to be paying off.
SEE ALSO: Bitcoin is a victim of its own success (http://mashable.com/2017/12/07/bitcoin-victim-of-its-own-success/)
With Bitcoin, Ethereum, LiteCoin and other cryptocurrencies rallying like crazy (http://mashable.com/2017/12/13/ethereum-700/) in the past few days this seems like a smart move. Who needs a fancy cigar when there's Bitcoin to be mined at nearly $17,000 per coin? Read more... (http://mashable.com/2017/12/14/cryptocurrency-cigar-business-pivot/)
More about Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Mining (http://mashable.com/category/mining/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency (http://mashable.com/category/cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Consumer Tech (http://mashable.com/category/consumer-tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/oEU72zu7uig