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Embattled Helium is attempting a second act as a crypto-powere | Helium Waves Stepn

Embattled Helium is attempting a second act as a crypto-powered mobile network

The
best thing you could do as a Helium miner was live in a high-rise. Max Gold found that out quickly when he installed a hotspot in early 2021 and made around $16,000 in one month. Helium has become one of the most notorious companies in crypto—a kind of weathervane for the industry’s rollercoaster trajectory. In February, as hotspot owners like Gold raked in earnings, the New York Times published a fawning profile of the company, describing it as one of the rare crypto projects to have “normie utility.”. The next month, the company behind Helium confirmed a $200 million funding round and rebranded as Nova Labs.

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