Kodak gets into Bitcoin mining and will launch their own cryptocurrency
https://www.bbc.co.uk/news/amp/technology-42630136
Kodak's stock price shot up by over 120% after they announced their shift to cryptoworld: bitcoin cloudmining services and plans to launch their own cryptocurrency.
As with the digital photography, they seem to be a bit late to the party. Cloud mining craze is gone, investors are no longer blindly throwing money at anything related to "blockchain technology" and market is saturated with cryptos. But who knows, maybe it work out fine this time (did pump their stock price already).
I gave you some lovin! How 'bout you give me some too?
looks like they are just trying for a quick cash-in in the crypto market
Could be. This quote from article sums it up pretty nicely:
Plus, their miner looks like S5 with changed case and Kodak sticker on it.
![](https://steemitimages.com/640x0/https://ae01.alicdn.com/kf/HTB1x650HVXXXXbkXFXXq6xXFXXX3/Newest-BTC-miner-Antminer-S5-1150G-28NM-BM1384-Bitcoin-Miner-ASIC-miner-better-than-avalon-zeus.jpg)