Seeking Alpha
2023-01-17 18:47:12

Future FinTech starts crypto mining in Paraguay

Future FinTech ( NASDAQ: FTFT ) on Tuesday said its unit FTFT Paraguay has completed the first construction phase of its cryptocurrency mining farm in Mariano Roque Alonso, and has commenced operations there. The Paraguayan cryptocurrency mining farm has a capacity of three megawatts and can accommodate about 900 mining machines, the company said. The second phase of the project is expected to be completed in 2024 and 2025, with 100MW of processing power.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.