Core Viewpoint - Future Fintech Group Inc. has entered into a hosting agreement with Tech Solution Inc. for Bitcoin mining services at its cryptocurrency farm in Norwalk, Ohio, which is expected to enhance its operational capabilities and generate substantial returns on investment [1][4]. Group 1: Agreement Details - The hosting agreement specifies that Tech Solution's Bitcoin miners will include models such as the Antminer S19j Pro, with a maximum total power load of 4.0 megawatts (MW), although the actual power load may vary [2]. - The monthly service fee will be based on the electricity consumption of Tech Solution's servers, calculated using an independent electrical meter, with the Unit Hosting Fee varying monthly according to the average Bitcoin price [2][3]. - The agreement is effective from April 15, 2024, to April 30, 2025, with billing commencing from the actual power-on date [3]. Group 2: Company Background - Future Fintech Group Inc. is a comprehensive financial and digital technology service provider, involved in asset management, brokerage, investment banking, and digital asset mining operations in the United States [5]. - The company aims to improve financial services through digital and internet technology, providing stable, safe, and efficient digital financial services to its customers [5].
Future FinTech Enters into New Bitcoin Mining Hosting Agreement for its Cryptocurrency Farm in Norwalk, Ohio