Report: Broome Businessman Weitsman Buys “NFT” for $1.6 Million

Vestal resident Adam Weitsman reportedly has acquired a piece of digital art known as a "non-fungible token" for $1.6 million.

According to decrypt.co - a website which reports on such matters - Weitsman purchased the NFT from an esports player named Kyle Jackson. The British player uses the nickname "Mongraal."

Jackson announced the deal on his Twitter feed on Monday. He said the sale price was 1,000 Ethereum, referring to a form of cryptocurrency. That would amount to about $1.6 million. Decrypt reported Jackson the NFT for sale for the equivalent of $5.4 million.

The seller wrote of Weitsman: "Super nice guy and thrilled the sale went through with him."

Weitsman could not be reached on Tuesday to confirm the purchase. But he did retweet a couple of messages about the sale.

In late 2021, Weitsman announced he was planning to spend millions of dollars to set up a cryptocurrency mining site in Tioga County.

The facility was being launched in a large industrial building in the town of Owego. The site previously had been used by Harvard Custom Manufacturing.

Weitsman, who owns Upstate Shredding - Weitsman Recycling, had said he planned to invest about $25 million in the project to mine bitcoin and three other cryptocurrencies.

FLASHBACK: Adam Weitsman spoke with WNBF News about his planned cryptocurrency mining operation in Owego.

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Contact WNBF News reporter Bob Joseph: bob@wnbf.com or (607) 545-2250. For breaking news and updates on developing stories, follow @BinghamtonNow on Twitter.