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…