January 19, 2023

Sam Bankman-Fried’s Big Investment: Bitcoin Mining in Kazakhstan

by The Journal.

Background show artwork for The Journal.

After the collapse of FTX, WSJ Reporter Eliot Brown wanted to find out where all the money went. He was surprised to discover that the biggest investment had been in a bitcoin mining company based in Kazakhstan.


Further Reading:

- Sam Bankman-Fried’s Supersized Bet: $1 Billion For A Bitcoin Miner On The Kazakh Steppe 

- FTX Says It Has Located More Than $5 Billion in Cash, Liquid Assets 


Further Listening:

- The Charges Against FTX's Sam Bankman-Fried 

- ‘Do You Expect to Go to Prison?’: An Interview With SBF  

- What’s Russia Doing in Kazakhstan? 


Where to Listen