Brief: Singularity Future Technology And Golden Mainland Form Bitcoin Mining Joint-Venture

Singularity Future Technology

11/04/2022 15:51

April 11 (Reuters) - Singularity Future Technology Ltd
 SGLY.O :
    * SINGULARITY FUTURE TECHNOLOGY AND GOLDEN MAINLAND FORM
BITCOIN
MINING JOINT-VENTURE
    * SINGULARITY FUTURE TECHNOLOGY LTD - JV PLANS TO INVEST UP
TO
$250 MILLION OVER TIME TO BUILD A TOTAL OF 1GW OF MINING SITES
IN TEXAS, OHIO, OTHER STATES
    * SINGULARITY FUTURE TECHNOLOGY LTD - UNDER TERMS OF JOINT
VENTURE, SINGULARITY WILL OWN 51%, AND GOLDEN MAINLAND WILL OWN
49%
    * SINGULARITY FUTURE TECHNOLOGY LTD - XPECTS TO MAKE ITS
INITIAL
CAPITAL CONTRIBUTION OF APPROXIMATELY $10 MILLION TO JOINT
VENTURE FROM AVAILABLE CASH

Source text for Eikon:  ID:nPn3b8LDxa 
Further company coverage:  SGLY.O 

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