Axis Technologies Group Inc (OTCMKTS:AXTG) Stock Falls 15%: Here is Why

In recent times the decentralised finance space has grown at a remarkable clip and there are many companies which are now working in that sector.

One such company is Axis Technologies Group Inc (OTCMKTS:AXTG). Yesterday, the company made a major announcement with regards to its operations but it did not seem to impress the investors and the stock tanked by as much as 15%. In this situation, it might be worthwhile for investors to take a closer look at the announcement and figure out if the decline could be an opportunity to pick up the Axis Technologies stock.

Yesterday the company announced that it was planning to make investments and start working in the fast growing crypto mining sector by way of TiENCHAT, its fully owned subsidiary company.

In this regard, it should also be noted that when it comes to mining of cryptocurrencies, TiENCHAT is going to be primarily involved in the mining of Ethereum, the world’s second biggest cryptocurrency by market cap. To that end, Axis Technologies has put together a team of professionals with considerable industry experience with regards to crypto mining. It is a significant step for the company and investors could consider keeping an eye on the Axis Technologies stock.

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