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Former SC Gov Candidate Is Mining Bitcoin

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  • Multimillionaire businessman John Warren is now mining bitcoin through his new business venture.
  • The former South Carolina Gov. candidate founded GEM Mining with four other partners.
  • Warren reportedly said his company had raised more than $200 million in institutional capital from financial institutions, having mined over 400 BTC in the past nine months.

Former South Carolina Governor candidate John Warren is now mining bitcoin through a new business venture he formed with four other founding partners, GEM Mining, according to a report by The Associated Press.

Warren told AP that he and his partners “saw huge opportunities” with their mining connections, adding that he expects the Greenville-based company to be the largest of its kind in South Carolina and soon be among the top handful in the country.

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

Source: Bitcoin Magazine

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