Sino-Global Forms Venture to Develop New Bitcoin Mining Machine
The joint venture with Highsharp will develop and commercialize a proprietary bitcoin mining machine named “Thor.”
Make preferred on
Make preferred on Share this article
International shipping and crypto mining company Sino-Global said it will develop a new bitcoin mining machine in a joint venture with blockchain technology firm Highsharp.
- The venture will develop and commercialize a proprietary bitcoin mining machine named “Thor,” Sino-Global announced Monday.
- Sino-Global (Nasdaq: SINO) will make a $10 million investment over the next month to fund the venture’s operations, while Highsharp will supply the computer chips required to develop Thor.
- The joint venture will own the intellectual property rights to Thor and plans to file a patent application with the U.S. Patent and Trademark Office.
- According to Sino-Global CEO Lei Cao, Thor will “fill the vacuum” created by “recent crypto policy changes combined with ongoing global component shortages [that] have served to remove valuable digital mining production capacity.”
- Formed in 2001 as a shipping company, Sino-Global announced its intention to start mining cryptocurrency in February this year, initially sourcing its machines from Bitmain.
Read more: Leading Crypto Mining Machine Maker Bitmain Said to Halt Sales in China
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
