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BeInCrypto –
Sino-Global is going to fund, in a joint-venture with Highsharp, the design and construction of what is called the Thor Bitcoin Mining Machine.
Sino-Global will, in a joint venture with blockchain, hardware, software, and cloud-based company Highsharp, be developing high-performance mining computers. Sino-global will invest $50M over the next few years, which will come from existing assets and future capital raises, while Highsharp will exclusively supply high-performance computing chips. The provision of the chips will be the subject of a purchasing agreement. The joint-venture scope will include collaborative engineering, technical development and commercialization of a proprietary bitcoin mining machine, code-named Thor. Sino-Global will initially invest $10M investment in the next month into the venture. There will be a patent filed for the Thor Bitcoin Machine.
Sino-Global’s gradual adoption of crypto
Sino-Global has recently sought to expand its full-service shipping business by investing in the cryptocurrency space, specifically mining and NFTs, and began accepting bitcoin as payment in March 2021.
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