THELOGICALINDIAN - On August 24 the advance and administration aggregation Singapore Myanmar Investco Limited SMI appear the aggregation is entering the bitcoin mining industry as it has ordered 800 mining rigs to be delivered to Southeast Asia The move follows a cardinal of firms pivoting against agenda bill mining
Singapore Myanmar Investco Pivots Toward Bitcoin Mining
In 2021, a cardinal of firms from Asia accept been pivoting against alms blockchain casework and operating mining facilities. For instance, Bitcoin.com News has appear on firms like China-based gaming and internet company, The9, and its decision to move into the bitcoin mining sector.
Alongside this, the U.S. publicly-listed Chinese sports action close 500.com re-branded into a crypto aggregation this year. Now Singapore Myanmar Investco (SMI) is abutting the trend as the aggregation has ordered 800 bitcoin mining rigs. SMI is an advance and administration aggregation that’s listed on the Singapore Stock Exchange. The close believes in agenda bill mining and wants to access mining accessibility.
“This is cogent advance for SMI as we move appear technology-based SaaS businesses and advice admission access to cryptocurrency mining for retail barter while breeding abundant actor value,” Mark Bedingham, admiral and CEO of SMI explained in the announcement.
SMI to Offer Three Mining Services: Buy, Lease, and Fractional Time-Based Ownership
According to the announcement, SMI has affairs to adjustment up to 4,000 bitcoin mining machines. The acknowledgment does not detail what cast SMI has called or the blazon of archetypal the aggregation is application to address hashrate against the Bitcoin blockchain. While SMI commonly focused on travel, appearance retail, aliment and cooler products, auto services, architecture services, logistics, and accumulation alternation concepts, the aggregation appear the about-face against crypto solutions in June.
Essentially, SMI says it wants to action crypto solutions as a Software-as-a-Service (SaaS) accouterment these solutions to both retail and institutional clients. The advertisement addendum that already the casework are in place, barter can buy mining machines, charter hashrate, or advantage apportioned time-based buying of the mining machines.
What do you anticipate about Singapore Myanmar Investco accepting into bitcoin mining in adjustment to accomplish a crypto mining SaaS solution? Let us apperceive what you anticipate about this accountable in the comments area below.
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