Rich Cigars just made the ultimate pivot: from high-end cigars and tobacco products to cryptocurrency.
The Miami-based company announced 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 successWith Bitcoin, Ethereum, LiteCoin and other cryptocurrencies rallying like crazy 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?
The seemingly random pivot attracted some attention online. One person called the move "insanity at the very best."
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
The new cryptocurrency business closed way up following the news of the massive business shift.
This Tweet is currently unavailable. It might be loading or has been removed.
DJ Khaled was a fanboy of the cigars. In a video from April he's on a plane asking for a Rich Cigar and then presented with a box. He was reportedly an ambassador for the brand. No word yet if the music producer is following the company into the crypto-mines.
View this post on Instagram
Cryptocurrency mining may be lucrative in the short-term, but keep an eye on Intercontinental Technology. They are bullish on cryptocurrency's staying power, but it might be a close-but-no-cigar situation.
Copyright © 2023 Powered by
Tobacco company makes a hard pivot to cryptocurrency mining-燕尔新婚网
sitemap
文章
488
浏览
92
获赞
58
Surreal memes deserve their own internet dimension
In November, the surreal meme creator @surrealvault decided to shutter her merch shop, which had exiElon Musk gets his way: Tesla factory partially reopens
After CEO Elon Musk threw a temper tantrum over coronavirus restrictions, Tesla told workers its Cal9 Trump tariff reactions that sum up this historic moment
President Donald Trump announced sweeping global tariffsWednesday evening. A 10 percent tariff on neDr. Fauci expects privacy pushback on Google and Apple contact tracing
The man America looks to for trusted information right now, Dr. Anthony Fauci, is reserving judgmentPlay as NFL MVP Lamar Jackson in a new Oculus virtual reality game
Sports are on the back burner right now (for obvious pandemic-related reasons), but football fans maAround 10,000 Amazon workers are striking just before Christmas
Nearly 10,000 Amazon workers across the U.S. have gone on strike mere days before Christmas. OrganisDyson Hot+Cool Gen1 HP10 deal: $180 off at Dyson
SAVE $180: As of Jan. 27, the Dyson Hot+Cool Gen1 HP10 Purifier is on sale for $349.99 at Dyson. ThaRoborock S8 MaxV Ultra: Get $800 off at Amazon
SAVE $800: As of April 7, Amazon is selling theRoborock S8 MaxV Ultrafor $999.99, down from $1,799.9The first photos of Harry and Meghan's new baby are finally here
Well, the wait is finally over. The Duke and Duchess of Sussex have put us out of our misery and revInstacart will provide 'safety kits' to Shoppers, still no hazard pay
It's been three days since Instacart gig workers went on strike to demand better pay, sick leave, anBest grocery deal: Spend $20 and get $5 off at Amazon
SPEND $20, SAVE $5: As of April 9, spend $20 on select Amazon groceries and save $5.Opens in a new wMotorola's foldable Moto Razr now comes in Blush Gold
Got $1,500 that you want to spend on a mid-range foldable phone? Well, now you can get Motorola's MoYumi baby food subscription aims to disrupt a parenting industry
Welcome toSmall Humans, an ongoing series at Mashable that looks at how to take care of – andBest outdoor grill deal: Save $170 on the Ninja Woodfire Outdoor Grill & Smoker
SAVE $170:The Best Buy Drops deal for March 5 is the Ninja Woodfire Outdoor Grill & Smoker for $Best coffee maker deal: Grab the Cuisinart Single
SAVE 52%: As of April 4, you can buy a Cuisinart Single-Serve Coffee Maker and Grinder for $59.99, d