Odaily Planet Daily News: Chinese electric car manufacturer Kaixin is seeking a strategic shift and plans to acquire a controlling stake in a cryptocurrency mining company in the Middle East in an attempt to diversify from the traditional automotive business. According to a press release, the company is in the late stages of evaluating potential acquisitions. The target business features cost-effective Bitcoin mining and provides comprehensive cloud hosting services to meet the growing needs of the industry. Energy security appears to be the main driving factor behind the strategic site selection. As the company is still continuing the evaluation process, the specific completion time of the transaction remains unclear. (crypto.news)