NEW YORK, March 8, 2021 /PRNewswire/ — Code Chain New Continent Restricted (the “Firm” or “Code Chain” or “We”) (NASDAQ: CCNC), a number one eco-technology firm, immediately introduced that the execution of a purchase order settlement (the “Settlement”) with Bitmain Applied sciences Restricted (“Bitmain”). Per the Settlement, Code Chain will buy 2,000 Antminer S19j (90 TH/s) from Bitmain for $10,034,000.00, that are anticipated to be delivered by October 31, 2021.
Based in 2013, Bitmain is a privately-owned firm headquartered in Beijing, China. The corporate engages in application-specific built-in circuit chips for bitcoin mining, high-density server gear, and large-scale parallel computing software program. Bitmain can be an operator of Antpool, one of many largest Bitcoin mining swimming pools. With places of work situated in China, the US, Israel, the Netherlands, and Switzerland, Bitman serves clients worldwide.
David (Weidong) Feng, Co-CEO of Code Chain, commented, “Given this gear buy settlement with the main mining operator, Code Chain is well-positioned to realize speedy development in our cryptocurrency mining enterprise. We’re enthusiastic concerning the progress we now have made since our preliminary cryptocurrencies enlargement announcement. As we await the arrival of those best-in-class miners, we anticipate the bought miners to generate outstanding worth to the Firm in its mining operations and its shareholders.”
About Code Chain New Continent Restricted
Based in 2009, Code Chain New Continent Restricted engages within the analysis, growth, and sale of strong waste recycling methods for the mining and industrial sectors, the wholesale and sale of gasoline supplies, harbor cargo dealing with providers and manufacturing and gross sales of coating supplies within the PRC. It offers end-users in these markets with a clear various to conventional waste disposal by considerably decreasing strong waste discharge into the surroundings and enabling such customers to extract worth from precious metals and different industrial waste supplies. Upon completion of Sichuan Wuge Community Video games Co., Ltd. (“Wuge”), the Firm has additionally diversified its enterprise. Wuge was established in 2019 and remains to be on this early growing stage. Wuge produced digital tokens that mix the five-W parts (when, the place, who, why, what), geographic location through the Beidou satellite tv for pc system and id data utilizing Code Chain know-how. The digital tokens are distinctive, tradable, and inheritable digital property and can’t be tampered. The digital tokens are based mostly on and saved within the Code Chain system and can be utilized to observe and doc every kind of client behaviors that contain code-scanning.
Protected Harbor Statements
This press launch incorporates “forward-looking statements” inside the which means of the Non-public Securities Litigation Reform Act of 1995, together with sure plans, expectations, targets, and projections, that are topic to quite a few assumptions, dangers, and uncertainties. These forward-looking statements could embody, however aren’t restricted to, statements containing phrases resembling “could,” “may,” “would,” “plan,” “anticipate,” “consider,” “estimate,” “predict,” “potential,” “expects,” “intends”, “future” and “steerage” or related expressions. These forward-looking statements communicate solely as of the date of this press launch and are topic to vary at any time. These forward-looking statements are based mostly upon administration’s present expectations and are topic to a variety of dangers, uncertainties and contingencies, a lot of that are past the Firm’s management that will trigger precise outcomes, ranges of exercise, efficiency or achievements to vary materially from any future outcomes, ranges of exercise, efficiency or achievements expressed or implied by such forward-looking statements. The Firm’s precise outcomes may differ materially from these contained within the forward-looking statements on account of a variety of components, together with these described beneath the heading “Danger Elements” within the Firm’s public filings with the Securities and Change Fee, together with the Firm’s annual report on 10-Okay. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides as required beneath relevant legislation.
SOURCE Code Chain New Continent Restricted