- FTFT SuperComputing, a wholly-owned subsidiary of blockchain application technology developer and fintech service provider, Future FinTech Group ( NASDAQ: FTFT ), has achieved the first contruction phase of its cryptocurrency mining farm in northwest Ohio, the company said Wednesday.
- The first batch of Antiminer S19 series mining machines were made live following testing procedures on October 24.
- The deployment is the "initial step of the first phase of the project to deploy approximately 12,000 S19 Antminers and accommodate about 1.3 EH/s of hash power in Ohio," said Kai Xu, vice president of Future FinTech's Blockchain Division.
- The move comes after FTFT SuperCharging struck a deal with electricity provider Champion Energy Services to receive 15.58 megawatts of electricity for the build-out of its mining farm. The transmission of electricity for the mining farm was enabled on July 1.
- Future FinTech ( FTFT ) has been developing its business throughout different areas of the crypto ecosystem, not just mining. For instance, the company's asset management unit became eligible in June to manage virtual assets .
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Future FinTech's Ohio crypto mining farm becomes operational