US listed company Future FinTech acquires Chinese mining company for US$9 million

US listed company Future FinTech acquires Chinese mining company for US$9 million

3/4/2021

According to CoinDesk, the US listed company Future FinTech (FTFT.US) acquired Nanjing Ribensi Electronic Technology Co., Ltd. ("Nanjing Ribensi") for $9 million in an attempt to enter the Bitcoin mining industry. It is reported that the latter currently operates a Bitcoin mining farm that can operate 30,000 Bitcoin mining machines.


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