SMI signs MOU with The9 for the development of a cryptocurrency cloud-mining platform

SMI signs MOU with The9 for the development of a cryptocurrency cloud-mining platform
- The mining business will cover a basket of cryptocurrencies inclusive of Bitcoin (BTC), Filecoin (FIL) and Chia (XCH), and is expected to be launched in Q4 2021.
- SMI has also entered into a cooperation and support agreement with NHASH (Hang Zhou Suan Li Technology Co Ltd), a cryptocurrency cloud mining blockchain Software-as-a-Service ("SaaS") company.
- This agreement presents SMI with the option to purchase up to 4,000 crypto mining machines, which may include a combination of machines such as the Antminer S19j and the Whatsminer M31S+.

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