{"id":81615,"date":"2024-06-17T18:09:51","date_gmt":"2024-06-17T22:09:51","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=81615"},"modified":"2024-06-17T18:09:53","modified_gmt":"2024-06-17T22:09:53","slug":"coolpad-to-invest-13-5m-in-bitcoin-mining-rigs","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coolpad-to-invest-13-5m-in-bitcoin-mining-rigs\/","title":{"rendered":"Coolpad to Invest $13.5M in Bitcoin Mining Rigs"},"content":{"rendered":"\n

Coolpad Group plans to invest $13.5 million in 2,700 Bitcoin mining<\/a> rigs to be deployed in North America.<\/p>\n\n\n\n

\"Coolpad
Coolpad to Invest $13.5M in Bitcoin Mining Rigs<\/figcaption><\/figure>\n\n\n\n

Coolpad Group intends to acquire 2,700 BTC mining machines for $13.5 million. These devices will be deployed by the organization in North America.
Coolpad, a telecommunications provider headquartered in Shenzhen and listed on the Hong Kong Stock Exchange<\/a>, intends to allocate $13.5 million to a substantial Bitcoin mining operation.<\/p>\n\n\n\n

Coolpad has allocated over HK$106 million (approximately $13.5 million) to this initiative as part of its foray into crypto.<\/p>\n\n\n\n

The Chinese corporation intends to allocate the investment toward the acquisition of 2,700 BTC mining rigs, which will be subsequently deployed in North America.<\/p>\n\n\n\n

The publicly-traded company will acquire the new Bitcoin mining machines from JingYun Intelligent Technology, a Hong Kong-based firm, as per the details it recently disclosed in a regulatory filing. Nevertheless, Coolpad did not disclose the manufacturer of the rigs from which JingYun obtains the machines.<\/p>\n\n\n\n

The company stated that the investment will increase Coolpad's current computing capacity from 873,000 TH\/s to approximately 1,504,800 TH\/s.<\/p>\n\n\n\n

In addition to the deployment of BTC mining machines, Coolpad is pursuing traction in the crypto and Web3 sectors\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> through a multi-million share purchase plan. The company is concentrating on the shares of crypto-related companies in the United States, such as CleanSpark, a BTC miner.<\/p>\n\n\n\n

Donald Trump, the former president of the United States, recently convened meetings with prominent Bitcoin mining companies that operate within the United States. He expressed his commitment to the industry, emphasizing that “all BTC mining should be in the United States.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Coolpad Group plans to invest $13.5 million in 2,700 Bitcoin mining rigs to be deployed in North America. Coolpad Group intends to acquire 2,700 BTC mining machines for $13.5 million. These devices will be deployed by the organization in North America.Coolpad, a telecommunications provider headquartered in Shenzhen and listed on the Hong Kong Stock Exchange, […]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20049,20050],"class_list":["post-81615","post","type-post","status-publish","format-standard","hentry","category-news","tag-bitcoin-mining-rigs","tag-coolpad"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=81615"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81615\/revisions"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=81615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=81615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=81615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}