$SINO Announces LOI to Acquire 51% of Computing Power Center
Sino-Global Announces LOI to Acquire 51% of Computing Power Center Company
SSINO announced today that it has signed a Letter of Intent ("LOI") to acquire 51% of Inner Mongolia Nine-Chain Intelligent Big Data Park Service Co., Ltd. ("Nine-Chain Intelligent").
Based on the information furnished to the Company, Nine-Chain Intelligent's computing power center currently has about 150,000 KW*hour capacity for Bitcoin mining. The total Bitcoin computing power reaches 4500P. In addition, the center has 50,000 KW*hour capacity for Ethereum mining. The total Ethereum computing power reaches 28T.
51% of equity interest is approximately $8.5 million.
We are extremely excited to execute an LOI to help us strategically expand our business to Bitcoin and Ethereum mining. Recently, cryptocurrency mining has evolved rapidly with scalability and infrastructure. This investment will provide Sino-Global a foundation to develop the mining project efficiently.
finance.yahoo.com/news/sino-global-announces-loi-acquire-133000080.html
SSINO announced today that it has signed a Letter of Intent ("LOI") to acquire 51% of Inner Mongolia Nine-Chain Intelligent Big Data Park Service Co., Ltd. ("Nine-Chain Intelligent").
Based on the information furnished to the Company, Nine-Chain Intelligent's computing power center currently has about 150,000 KW*hour capacity for Bitcoin mining. The total Bitcoin computing power reaches 4500P. In addition, the center has 50,000 KW*hour capacity for Ethereum mining. The total Ethereum computing power reaches 28T.
51% of equity interest is approximately $8.5 million.
We are extremely excited to execute an LOI to help us strategically expand our business to Bitcoin and Ethereum mining. Recently, cryptocurrency mining has evolved rapidly with scalability and infrastructure. This investment will provide Sino-Global a foundation to develop the mining project efficiently.
finance.yahoo.com/news/sino-global-announces-loi-acquire-133000080.html
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