According to Odaily, Nasdaq-listed company Nature's Miracle Holding Inc. (NMHI) has announced the acquisition of a 90% fully diluted stake in Bitcoin mining company J&Y Marigold Ltd. for a total purchase price of $5.32 million. J&Y Marigold Ltd. is currently in the process of constructing a 14-megawatt Bitcoin mining facility, which is expected to become operational in the first half of 2025.
The acquisition is structured in phases, with the first phase involving the completion of a 9-megawatt capacity, anticipated to be finalized in the first quarter of 2025. The second phase, which will add an additional 5 megawatts, is projected to be completed in the second quarter of 2025. This strategic move by Nature's Miracle Holding Inc. underscores its commitment to expanding its footprint in the cryptocurrency mining sector, leveraging the growing demand for Bitcoin and other digital currencies.
