Wu said that according to the announcement of the Hong Kong Stock Exchange, Coolpad Group, a Hong Kong-listed company, announced that it had signed a purchase contract in June 2024 to purchase equipment for a total price of US$13,583,700. The subject matter is 2,700 electronic computing servers for crypto mining. The current computing power of Coolpad Group is 873,000 TH/S, and the computing power will increase to 1,504,800 TH/S after the purchase is completed. The Coolpad board of directors stated that cryptocurrency mining is an attractive business that can enhance profitability in the long term.