Hong Kong-listed Coolpad Group plans to invest over HK$100 million to purchase electronic computing servers for crypto mining
According to the announcement of Hong Kong-listed company Coolpad Group, the company has entered into a purchase contract to buy equipment in June 2024, with a total cost of $13,583,700 (equivalent to about HKD 106,089,000). The subject matter is 2,700 electronic computation servers used for encrypted mining. Coolpad Group stated that its existing computing power is 873,000 TH/s, and after the completion of the purchase contract transaction, the computing power will increase to 1,504,800 TH/s.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Faces Equilibrium as Demand Gradually Declines
Bitcoin’s demand is weakening post-May peak but remains enough to balance selling. Market stays stable in supply-demand equilibrium.Market Finds Balance Amid Cooling DemandSupply-Demand Ratio Reveals the StoryWhat This Means for Bitcoin’s Price Action

Bitcoin volume metric suggests '$130K-$135K BTC will happen' in the summer
Floki Inu to Go All In on Reddit for Valhalla Mainnet Launch

Eli Ben-Sasson: The Visionary Mind Behind StarkNet

Trending news
MoreCrypto prices
More








