🚀 Coolpad Group Invests $13.5M in #bitcoin Mining Rigs! 🚀

1️⃣ Shenzhen-based Coolpad Group, a public Chinese telecom company, is diving into the crypto world with a $13.5 million investment in Bitcoin mining rigs! 💰

2️⃣ Over HK$106 million will be used to buy 2,700 mining rigs from Hong Kong's JingYun Intelligent Technology Limited. These rigs will be deployed in North America. 🌐

3️⃣ This move will boost Coolpad's computing power from 873,000 TH/s to a massive 1,504,800 TH/s! 🔥

4️⃣ In early May, Coolpad announced a $28 million investment plan to acquire shares of Bitcoin mining companies like CleanSpark (CLSK), ARK 21Shares Bitcoin ETF (ARKB), and Grayscale Bitcoin Trust (GBTC). 📈

5️⃣ Coolpad sees huge potential in blockchain technology and crypto assets, highlighting it as an "opportunity" to expand its digital currency business. 📊

Stay tuned for more crypto insights! 👍

Disclaimer: This is not financial advice. Always do your own research.