Brief: Future FinTech Signs Agreement To Build Cryptocurrency Mining Farm In US

Future Fintech

17/12/2021 13:30

Dec 17 (Reuters) - Future Fintech Group Inc  FTFT.O :
    * FUTURE FINTECH SIGNS AGREEMENT TO BUILD CRYPTOCURRENCY
MINING
FARM IN US
    * FUTURE FINTECH GROUP INC- SIGNED A COOPERATION AGREEMENT
WITH
APC SERVICE LTD TO ESTABLISH A JOINT VENTURE IN OHIO
    * FUTURE FINTECH GROUP INC- UNDER AGREEMENT, TO BUILD
CRYPTOCURRENCY MINING FARM WITH A FIRST PROJECT PHASE OF 50MW OF
PROCESSING POWER
    * FUTURE FINTECH GROUP INC- TOTAL INVESTMENT FOR OHIO
CRYPTOCURRENCY MINING FARM PROJECT ESTIMATED TO BE $62 MILLION
    * FUTURE FINTECH GROUP INC- UNDER AGREEMENT CRYPTOCURRENCY
MINING
FARM COULD BE EXPANDED TO A TOTAL PROJECT SIZE OF 300MW, IF
SUCCESSFUL
    * FUTURE FINTECH GROUP INC- UNDER AGREEMENT, WILL ESTABLISH
A
WHOLLY-OWNED SUBSIDIARY, TO BE CALLED FTFT SUPER-COMPUTING
    * FUTURE FINTECH GROUP- APC HAS OPTION RIGHT TO PURCHASE UP
TO 30%
OF FTFT SUPER-COMPUTING WITHIN 365 DAYS OF COMPLETION OF FIRST
PHASE OF MINING FARM

Source text for Eikon:  ID:nPn6H70mCa 
Further company coverage:  FTFT.O 

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