South African gold mining corporation Nilam Resources is entering the crypto space with the acquisition of a special purpose entity called MindWave, which will be established in Mauritius and hold Bitcoin and other assets. The company has entered into a Letter of Intent with XyberData Ltd to acquire 100% of the common stock of the entity, which will hold 24,800 Bitcoins. The acquisition is valued at over $1 billion in digital assets. MindWave will become a subsidiary of Nilam, and the assets will be used as collateral to raise capital for investment in high-yield generating projects.