Thorney Investment Group founder Alex Waislitz said his company made a 23-times profit on its early investment in Firmus, blaming “conservative institutions” for killing the neocloud’s much-hyped $44 billion float on the ASX.
Waislitz said he had first invested almost $5 million in Firmus at $9.65 a share, when it was still a nascent bitcoin miner, before pivoting after the pandemic when cryptocurrency prices fell sharply.
After publication, Alex Waislitz and Thorney Investments clarified that he had mispoken on the panel about the Firmus stake. The article has been updated to reflect this.
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