{"id":32582,"date":"2024-06-17T18:59:09","date_gmt":"2024-06-17T18:59:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/chinese-telecom-giant-coolpad-to-buy-bitcoin-mining-rigs-worth-13-5-million\/"},"modified":"2024-06-17T18:59:09","modified_gmt":"2024-06-17T18:59:09","slug":"chinese-telecom-giant-coolpad-to-buy-bitcoin-mining-rigs-worth-13-5-million","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/chinese-telecom-giant-coolpad-to-buy-bitcoin-mining-rigs-worth-13-5-million\/","title":{"rendered":"Chinese Telecom giant Coolpad to buy Bitcoin mining rigs worth $13.5 million"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Mining-6-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Mining-6-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Mining-6-1-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Mining-6-1-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Coolpad Group plans to acquire 2,700 BTC mining rigs for $13.5 million.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The company will deploy these rigs in North America.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Coolpad, a Shenzhen-based telecom provider listed on the Hong Kong Stock Exchange, is looking to invest $13.5 million in a major <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin-mining\/\">Bitcoin mining<\/a> operation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As part of a foray into crypto, Coolpad has specifically allocated over HK$106 million (approximately $13.5 million) to this initiative.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Chinese company plans to spend the investmen on 2,700 BTC mining rigs, with the acquired machines then deployed in North America.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Coolpad eyes Web3 industry<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to details the publicly-traded company recently divulged via a regulatory filing, it will acquire the new Bitcoin mining rigs from JingYun Intelligent Technology, a firm based in Hong Kong. However, Coolpad did not disclose the rig maker from whom JingYun secures the machines.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The investment will increase Coolpad\u2019s current computing power from 873,000 TH\/s to about 1,504,800 TH\/s, it said.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Apart from deploying BTC mining rigs, Coolpad eyes ttraction in the crypto and Web3 space via a multi-million share purchase plan. The company is targeting shares of crypto related firms in the US, including BTC miner CleanSpark.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Recently, former US president Donald Trump met with top Bitcoin mining companies with operations in the US. He pledged to support the industry, noting that \u201call BTC mining should be in the US.\u201d<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/chinese-telecom-giant-coolpad-to-buy-bitcoin-mining-rigs-worth-13-5-million\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Coolpad Group plans to acquire 2,700 BTC mining rigs for $13.5 million. The company will deploy these rigs in North America. Coolpad, a Shenzhen-based telecom provider listed on the Hong Kong Stock Exchange, is looking to invest $13.5 million in a [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":32583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32582"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=32582"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/32583"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=32582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=32582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=32582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}