Code Chain New Continent Limited, a leading eco-technology company, is pleased to announce that it entered into an asset purchase agreement with Shenzhen Jindeniu Electronics Limited on September 27, 2021.
Recommended AI News: LumApps Launches LumApps Play, Making Enterprise Video Management Easier, Smarter, and More Secure
The purchased assets are valued at USD 15.9 million, which includes storage servers for cloud computing. These assets have been delivered and the transaction completed as of September 27, 2021.
David (Weidong) Feng, Co-CEO of the Company, stated, “With the successful completion of the asset purchase, Code Chain plans to continue searching the mining opportunities to expand our presence and enriching our cryptocurrency portfolio.”
Recommended AI News: HawkEye 360 Reaches Contractual Milestone for Delivering Space-based Radio Frequency Mapping
He Continued, “We believe the Company is well-positioned for this next phase of growth. This transaction will provide enhancements to the current mining operation, drive meaningful growth, and create shareholder value. Going forward, the management hopes to further concentrate its business in market environment with friendly governance.”
Recommended AI News: Acclarent Launches First ENT Navigation Technology Powered by Artificial Intelligence
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.