Future FinTech surges after announcing new blockchain division
30/12/2021 13:48
** Shares of blockchain-based e-commerce co Future FinTech
Group FTFT.O jump 34% to $1.66 premarket after announcing a
new blockchain division
** New division to manage existing blockchain sector
business and operate previously announced bitcoin mining farm
plans in the U.S. and Paraguay, co says urn:newsml:reuters.com:*:nPn1zBH6Ca
** Earlier this month, FTFT said it was establishing a joint
venture in Ohio to build a cryptocurrency mining farm with total
investment for the project estimated at $62 mln urn:newsml:reuters.com:*:nPn6H70mCa
** FTFT vols at 3.94 mln - 1.4x its 25-day DMA
** Shares are set to snap a two-day losing run, if gains
hold
** YTD, stock has lost 35%
(Reporting by Anisha Sircar in Bengaluru)
((Anisha.Sircar@thomsonreuters.com;))