Hong Kong-listed Coolpad Group plans to invest over HK$100 million to purchase electronic computing servers for crypto mining
According to the announcement of Hong Kong-listed company Coolpad Group, the company has entered into a purchase contract to buy equipment in June 2024, with a total cost of $13,583,700 (equivalent to about HKD 106,089,000). The subject matter is 2,700 electronic computation servers used for encrypted mining. Coolpad Group stated that its existing computing power is 873,000 TH/s, and after the completion of the purchase contract transaction, the computing power will increase to 1,504,800 TH/s.
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