Mercurity Fintech Holding Inc. Announces a $5.98 Million Asset Purchase Agreement for the Creation of Web3 Infrastructure
20 Décembre 2022 - 3:00PM
Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq:
MFH), a digital fintech group powered by blockchain technology,
today announced that, on December 15th, 2022, it entered into an
asset purchase agreement (the “Agreement”) with Huangtong
International Co., Ltd. (the “Huangtong International”), providing
for the Company’s acquisition and purchase of Web3 decentralized
storage infrastructure, including cryptocurrency mining servers,
cables, and other electronic devices, for an aggregate
consideration of $5,980,000, payable in the Company’s
ordinary shares. The investment is made with an aim to own mining
machines capable of gathering, processing, and storing vast amounts
of data, and to further solidify the Company as a pioneer in the
creation of the Web3 framework.
Pursuant to the Agreement, MFH would make the
payment for the aforementioned equipment in the form of its
ordinary shares, at a stipulated price of $0.0022 per share, in the
aggregate amount of 2,718,181,818 shares. The ownership of the
crypto-mining equipment will be passed to MFH after the Company
successfully issues the Purchase Price Shares to Huangtong
International. Huangtong International will remain responsible for
the installation of all mining equipment at sites designated by the
Company and will also undertake routine maintenance of the devices
for one year.
“We are excited to announce that today our
company took yet another major step toward the goal of maintaining
our position as a leader in Web3 with the investment in an advanced
fleet of machines,” said company CEO Shi Qiu. “As the core
infrastructure for the future of Web3, the entire Web3
infrastructure needs to be built over the coming years and our
company continues to position itself to not only contribute
significantly to its creation, but also to profit considerably from
this exciting and ever-expanding space. We believe that these
machines have a high storage capacity and low latency, making them
perfect for the creation of Web3 infrastructure. Meanwhile, we
expect the infrastructure to enhance the efficiency of our current
mining operations and the related crypto mining activities to add
new revenue stream to the Company. We’ll continue to advance our
vision of Web3 infrastructure, which help set the stage for
reaching the revenue and profitability goals.”
About Mercurity Fintech Holding Inc.
Limited
Mercurity Fintech Holding Inc. is a digital
fintech group powered by blockchain technology. The Company’s
primary business scope includes digital asset trading, asset
digitization, cross-border remittance and other services, providing
compliant, professional, and highly efficient digital financial
services to its customers. The Company recently began to narrow in
on Bitcoin mining, digital currency investment and trading, and
other related fields. This shift has enabled the company to deepen
its involvement in all aspects of the blockchain industry, from
production to circulation.
Forward-Looking Statements
This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations and projections about future events and
financial trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to” or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
For more information, please contact:
International Elite Capital Inc. Vicky Chueng
Tel: +1(646) 866-7989
Email: mfhfintech@iecapitalusa.com
Mercurity Fintech (NASDAQ:MFH)
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