The US-listed company MFH acquired Huangtong International mining machines and other Web3 infrastructure for $5.98 million

2022-12-21 21:40:36

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ChainCatcher news, the US-listed fintech company Mercurity Fintech Holding (Nasdaq: MFH) announced that it has signed an asset purchase agreement with Huangtong International to acquire the latter's Web3 decentralized storage infrastructure for $5.98 million, including mining server machines, cables, and other electronic equipment, aiming to possess mining machines capable of collecting, processing, and storing large amounts of data, and further consolidating the company's position in the Web3 industry.

Previously, MFH completed a $5 million private equity financing, with the investors not yet disclosed. This round of financing will be used to develop cryptocurrency consulting services in the United States, including obtaining an operating license "BitLicense" from the New York Department of Financial Services to engage in digital currency-related activities. MFH is a digital fintech group powered by blockchain technology, with main businesses including digital asset trading, asset digitization, and cross-border remittances. Recently, it has begun to lay out in related fields such as Bitcoin mining and digital currency investment and trading. (source link)

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