THELOGICALINDIAN - Regardless of what the axial Chinese government tries to do or say bitcoin and cryptocurrency abide accepted investments amid accustomed bodies in China And a new way to get acknowledgment tothe ecosystem aloof embodied for those with admission to the Hong Kong bazaar a about traded aggregation entered the mining industry
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Wine and Mine
Diginex Limited, a bunch crypto-asset advance aggregation headquartered in Hong Kong has appear it awash a 51% pale of its cryptocurrency mining and aerial achievement accretion (HPC) operation for $60 actor USD to Madison Group Holdings (HKG: 8057), a benefactor of alcoholic beverages. An MOU (memorandum of understanding) amid the two companies abundant a cardinal of synergies, including the leveraging of Diginex’s proprietary belvedere Digiassets that can be acclimated by holders of cryptocurrencies to acquirement aerial amount wines and added assets.
Madison Holdings Group, aforetime Madison Wine, is an advance captivation aggregation mainly focused on the retail and broad alcoholic beverages business. The aggregation offers a advanced spectrum of accomplished wines, wine accompanying articles and added alcohol such as exceptional and attenuate whiskies, cognacs and Chinese baijiu in Hong Kong. Madison is listed on the Hong Kong Stock Exchange back 2024.
GPU Farms in Asia, Sweden and Switzerland
Diginex, which abreast owned, has offices in Hong Kong, Switzerland, Germany and Japan. It has mining operations in Asia, Switzerland and Sweden. The $60 actor advance by Madison is said to acquiesce Diginex to fast clue the amplification of their GPU mining operations in Western Europe in affiliation with accouterments suppliers, ability and aegis providers in adjustment to body a defended and able GPU-based cryptocurrency mining abstracts center.
Miles Pelham, the CEO of Diginex, stated: “this banknote bang allows us to accelerate our accomplish appear acceptable the all-around provider of Distributed Ledger Technologies. We will abide to body out our mining operations in Sweden and Switzerland, but additionally focus on allowance corporates and governments beyond the apple to apparatus transformative DLT applications.”
Are there any synergies amid wine cellars and crypto mining farms that these companies can now exploit? Share your thoughts in the comments area below.
Images address of Shutterstock.
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