Future Fintech Group signs new Bitcoin mining hosting agreement for Norwalk, Ohio farm

Future Financial Technology Group Co., Ltd. (Fast Fourier Transform), (hereinafter referred to as “Future financial technology”, “FTFT” or the “Company”), a comprehensive financial and digital technology service provider, announced today that April 15, 2024its wholly-owned subsidiary, FTFT Supercomputing Company (“FTFT SuperComputing”) signed a data mining hosting agreement (the “Agreement”) with FTFT SuperComputing technology solutions company (“Tech Solution”) provides that FTFT SuperComputing will provide hosting services to Tech Solution Bitcoin miners in their cryptocurrency farm in Norwalk, Ohio.

The agreement provides for Tech Solution’s Bitcoin Mining rigs will include models such as the Antminer S19j Pro, with a maximum total power load of 4.0 megawatts (MW), although FTFT does not guarantee that the total power load will reach this level.The final total server load will be calculated based on the actual number Bitcoin Mining device.The monthly service fee will be calculated based on the power consumption of Tech Solution's servers and supporting facilities multiplied by the unit hosting fee. The power consumption is calculated based on the readings of independent electricity meters installed by Tech Solution on the FTFT supercomputer's servers and unit hosting. Varies each month and will be determined based on averages Bitcoin Monthly price.

FTFT SuperComputing provides the hosting site Bitcoin Miner and Tech Solution are also responsible for the installation, maintenance and operation of servers and such related costs. FTFT Supercomputing also agreed to provide continuous power supply for FTFT Supercomputing. Bitcoin Miners, because their goal is to achieve an online rate of 95% every calendar year, minus 36 days of scheduled maintenance.The agreement will be April 15, 2024 arrive April 30, 2025 Billing starts from the actual start-up date.

3rd party advertising. Not an offer or recommendation by Investing.com.See disclosures here or
Remove ads

Mr. Sean Liu, General Manager of FTFT SuperComputing, said: “We are delighted to have reached this agreement with Tech Solution to provide them with our hosting services and power so that they can engage in Bitcoin Dig our cryptocurrency The mine is in Ohio.We believe we provide cost efficiencies, infrastructure, security and the expertise and support needed to be efficient Bitcoin mining and succeed together in this endeavor.

“exist December 2021the company announced plans to build cryptocurrency We established a mine in the United States, subsequently leased the site, developed the plant infrastructure and upgraded the plant's electrical system. We believe that the hosting services we provide to our mining farms will be successful and provide a solid return on our investment.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *