NEW YORK , Nov. 2, 2022 / PRNewswire / - Future FinTech Group Inc. is a wholly owned subsidiary of FTFT Super Computing Inc., the first Antminer S19 series mining machine has been successfully launched.
As announced in May 2022 , the FTFT signed an energy purchase agreement with supercomputer energy supplier Champion Energy Services LLC and will begin transferring power to an Ohio cryptocurrency mining company on July 1, 2022 .
“We are delighted to have successfully deployed the first batch of Antminer S19 series mining machines, the first phase of phase one, to a cryptocurrency mining farm in Ohio . We have distributed approximately 12,000 Antminer S19 and approximately 1.3 EH/s in Ohio. Said Kai Shu , Vice President of Blockchain Division at Future Fintech Project Hash Power Hosting. Our strategic plan for this business unit is to build cryptocurrency mining fields in various regions of the world and accelerate engagement or collaboration agreements with strong partners. We believe that our capabilities , our cryptocurrency mining farm in Ohio , will succeed and achieve our goal.
Future Fintech Group Inc
Future Fintech Group Inc. is a blockchain application technology developer and fintech service provider based in Florida. The Company's business includes blockchain-based online shopping malls, Chain Cloud Mall ("CCM"), supply chain financial services, wealth management services, and cryptocurrency market information. The company is building blockchain-based e-commerce technology, cryptocurrency mining, money transfer services, and financial services technology businesses. For more information, visit https://www.ftft.com/.
Safe Harbor Statement
Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, or Exchange Finance. Law. Forward-looking statements refer to beliefs, plans, goals, objectives, expectations, expectations, forecasts, assumptions, goals and future performance and involve known and unknown risks, uncertainties and other matters which may be beyond our control. our. and, accordingly, the Company's actual results, performance, equity, ownership or results may differ materially from the anticipated future results, performance or results. All statements other than statements of historical fact are forward-looking statements which may constitute forward-looking statements. "could", "will fly", "think", "must", "apply", "believe", "believe", "think", "expect", "anticipate", "continue", "plan", " suggest , "project.", "may" "will" "goal" and other similar words and expressions in the future.
The risks and uncertainties described in our Form 10-K annual report for the year ended December 31, 2021, and any forward-looking oral or written statements made by us, are qualified in their entirety by this warning notice. Our reports and other documents with the SEC. Such reports are available upon request from the Company or from the Securities and Exchange Commission on the SEC's online website at https://www.sec.gov . We have no obligation and no obligation to revise, modify or revise any forward-looking statements after the date of this document or after the date on which such statements are made.
To download the media, please visit the original content: https://www.prnewswire.com/news-releases/future-fintech-announces-that-its-ohio-cryptocurrency-mining-farm-is-operational-as-it - distribute -first-stage mining-machine-301665617.html
Source Future Fintech Group Inc.