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China Xiangtai Food Co., Ltd. to Purchase 686 Spot Bitcoin Miners with Total Hash Rate of 63,000 TH/s

January 7, 2022
Source: globalfintechseries.com globalfintechseries.com
News Snapshot:
Xiangtai Food Co., Ltd., an emerging growth company engaged in agricultural business with a diversified expansion strategy, announced that the Company, through its U.S. subsidiary SonicHash LLC, has entered into a purchase agreement with a global Bitcoin mining hardware company to purchase 686 spot Bitcoin miners that are worth US$6 million. The top-tier newly manufactured miner with a hash rate of 92 TH/s are expected to ramp up the hash rate of the Company’s miner fleet by over 63,000 TH/s. According to the Agreement, the newly purchased miners are expected to be delivered in two to three weeks to the...
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Tags: agreement | bitcoin | blockchain | BTC | Business | Canada | cash | China | crypto | CSO | expansion | facility | finance | financial | fintech | food | hardware | investment | IT | network | news | procurement | revenue | technology | United States

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