Xiangtai Food Co., Ltd., a Nasdaq-listed Chinese food company has bought 686 spot Bitcoin miners that are worth US$6 million via its United States subsidiary called SonicHash LLC. While the mining operations would be continued in New York, the fact that the Chinese government has issued an all-out ban against crypto companies could brew some trouble for the firm back home.
China's Xiangtai food Co. buys 686 spot Bitcoin miners despite mining ban
coingape.com
07 January 2022 10:37, UTC