Last year, five Chinese companies listed in the United States began operating.

Another company in the United States reported on cryptocurrency mining.

On January 6, US state-owned China Xiangtai Foods (PLIN.US) announced that its US retailer SonicHash and HashCow LLC (Air Dairy Cow Cloud Computing Power) had entered into the deal. SonicHash US purchased 686 cryptocurrency miners with a total hash price of 63PH / s and a total purchase price of US $ 5,995,640.

Under the agreement, the new rig will be delivered to the New York Carthage mine in two to three weeks. After all mining machines are completed, the company's total mining industry is to include 1,428 Bitcoin mining machines, with a total hash value of 132.2 PH / s.

On December 15, 2021, China Fragrant Food announced a new product division to acquire related products by joining the company's future portfolio, which is blockchain and derivative services. Prior to that, China Fragrance Foods, financial expert and blockchain researcher Dr. Erick W. Rengifo as chief consultant and chief financial officer; With Li Jiaming as president and blockchain industry expert, Mr. Jiang is the COO.

As cryptocurrencies became popular, Chinese companies listed on the US stock exchange, including Ninth City, Bit Digital, 500.com, China Global Shipping, and Urban Tea before China Xiangtai Foods, launched cryptocurrency mines. one after the other. industry.

nine cities

Ninth City was established in 1999 and was once one of the largest online game developers and owners in China, and in 2002 it was recognized in the industry as a specialist distributor of "Miracle" online game in mainland China. In 2004, I was with the 'World of Warcraft' organization.

On January 4, 2021, The Ninth City announced the formation of NBTC Limited, a wholly owned company focused on value-added digital blockchain products and expected to contribute 8-10% of the global Bitcoin and Ethereum consolidation. . . 10% energy and 10% Grin hashrate.

Ninth City plans to ship 14,000 Ant S19j miners to Canada and other countries as of December of last year, and 10,000 Ant S19j miners to the United States by the second quarter of 2022. By then, Chinese power will increase to 2.16 EH / s in Ninth City.

500.com et al

500.com is a Chinese online football company listed on the New York Stock Exchange in 2013.

On February 16 of last year, 500.com announced that it had signed an exchange agreement with the Blockchain Alliance. 500.com will announce 44,353,435 Class A joint ventures for the Blockchain Alliance during the initial hearing, each amount valued at US $ 0.00005, equivalent to approximately 10% of the company's issued shares as of January 31, 2021. Total number of products removed from alliance blockchain once installation is complete.

Business plans under this deal include a complete overhaul of Bitdeer Technologies' trading pool activities under BTC.com and an exchange of BTC.com entities, BTC.com name and cryptocurrency wallet for 500. com.

Urban tea

Founded in 2011, Urban Tea Mingyuntang (NASDAQ: BTB) is a specialty tea distributor and wholesaler located in Changsha, Hunan Province, which owns the Mingyuntang tea brand. On February 17 of last year, Urbanti announced that it would launch a major expansion in areas such as blockchain and cryptocurrency mining.

International Shipping to China

In February 2021, China World Shipping (SINO) announced that it had signed a contract (LOI) to acquire 51% stake in Inner Mongolia Nine-Chain Intelligent Big Data Park. Service Co., Ltd. Nine-Chain Intelligence has a 150000KW Bitcoin mining data center, with a total power consumption of 4500P, representing 2.8% of the global Bitcoin processing power. Since then, China World Shipping has entered the NFT industry and accepted Bitcoin payments.

system

In addition to the companies mentioned above, BitDigital is also in the process of making the transition to the cryptocurrency industry.

Bit Digital's predecessor is “China's leading lender” Dianniu Financial. Founded in November 2015, it joined the P2P car loan business. It was listed on the Nasdaq in March 2018. However, due to the continuing storm and the maintenance and repair of the P2P market, the performance of Dianniu Financial has slowed, increased, and it depends on the removal on several occasions . In September 2020, Dianniu Financial changed its name to Bit Digital and switched to P2P, starting to transform its business into the cryptocurrency industry. According to website data, Bit Digital currently counts power at around 2.6EH / s.

In other words, some of the firm's companies, such as China World Shipping and Bit Digital, which are on the “brink of elimination,” have joined the cryptocurrency industry by directly investing or distributing. Major changes have allowed these companies to come out of risky moves, but it remains to be seen whether they can withstand more energetic mining.