Shenzhen-headquartered telecommunications equipment company Coolpad Group has announced the purchase of $13.5 million worth of crypto mining rigs.
Coolpad Group, a public Chinese telecom provider listed on the Hong Kong Stock Exchange, said in a regulatory filing it has allocated over HK$106 million (around $13.5 million) to purchase Bitcoin mining rigs as the firm now “actively pursues opportunities in web 3.0 digital currency business.”
As per the document, Coolpad plans to acquire 2,700 crypto mining rigs from Hong Kong-based JingYun Intelligent Technology Limited, with deployment slated for North America. The document doesn’t specify the manufacturer of the equipment. This investment aims to boost Coolpad’s current computing power from 873,000 TH/s to an estimated 1,504,800 TH/s.
You might also like: Make bitcoin mining stocks great again? Trump calls for US mining dominance
The transaction is expected to be completed within three months, the document said.
Coolpad Group initially unveiled its focus towards crypto in early May, revealing a $28 million investment plan aimed at acquiring shares of publicly traded Bitcoin mining companies listed on Nasdaq. The company specified its interest in acquiring shares of entities such as CleanSpark (CLSK), ARK 21Shares Bitcoin ETF (ARKB), Bitwise Bitcoin ETF (BITB), Grayscale Bitcoin Trust (GBTC), and Hashdex Bitcoin Futures ETF (DEFI), among others.
Highlighting the current market trends and the promising future of blockchain technology and crypto assets, Coolpad emphasized in a regulatory filing that investments in listed securities within the crypto sector present an “opportunity” to expand its digital currency business.
Read more: Bitfarms stock up 15% after announcing large-scale mining site
order cheap clomid price where to buy cheap clomiphene price can you get generic clomid prices how can i get cheap clomid tablets buying cheap clomid no prescription get clomiphene for sale can i buy clomiphene without prescription zei:
Thanks for putting this up. It’s understandably done.
Greetings! Jolly serviceable suggestion within this article! It’s the crumb changes which wish turn the largest changes. Thanks a portion for sharing!
zithromax tablet – ofloxacin 200mg cost flagyl over the counter
semaglutide for sale – brand semaglutide buy periactin 4mg pill
domperidone uk – brand cyclobenzaprine 15mg buy cyclobenzaprine pills
order amoxil generic – order valsartan 160mg generic buy combivent sale
augmentin 375mg pills – https://atbioinfo.com/ order ampicillin for sale
order nexium 40mg without prescription – nexiumtous buy generic esomeprazole for sale
coumadin 5mg uk – coumamide buy hyzaar generic
meloxicam cheap – https://moboxsin.com/ order meloxicam 15mg generic
deltasone 10mg pills – https://apreplson.com/ buy prednisone paypal
how to buy ed pills – fast ed to take pills erectile dysfunction
buy generic amoxicillin online – amoxil online order amoxicillin pills
buy cheap forcan – this order fluconazole 200mg pills
buy generic cenforce 50mg – buy cenforce 100mg order cenforce 50mg pill
generic cialis 5mg – cialis price comparison no prescription tadalafil citrate research chemical
buy zantac 150mg generic – zantac 300mg cheap zantac 300mg tablet
pastillas cialis – https://strongtadafl.com/# does medicare cover cialis for bph