[Blockchain News] Hong Kong-listed Coolpad Group recently announced that it has signed a purchase contract for June 2024 to purchase 2,700 electronic computing servers for crypto mining at US$13.5837 million (approximately HK$106 million). This move will increase Coolpad Group's existing computing power from 873,000 TH/S to 1,504,800 TH/S.

Coolpad Group said that considering the market trends and prospects of blockchain technology and cryptocurrencies, the company believes that cryptocurrency mining is an attractive business with the potential to enhance profitability in the long term. This news undoubtedly brings new impetus to the blockchain industry and shows that companies attach great importance to blockchain technology.