Daily Scoop : Future Fintech (FTFT) Poised By Uptake Through Teracrypto
$Future FinTech Group Inc.(FTFT)$
Future Fintech (NASDAQ:FTFT) Tuesday announced that its unit signed a data mining hosting agreement with Teracrypto Technology.
Under the contract, FTFT SuperComputing would provide hosting services for Teracrypto's Bitcoin models on its cryptocurrency farm in Norwalk, Ohio.
FTFT SuperComputing would be responsible for providing the hosting site, and installing, testing, and operating the bitcoin miners.
The unit also agreed to provide a continuous electrical power supply for the Bitcoin miners.
The agreement would be in force from March 15, 2024, to February 28, 2028.
FTFT +3.04% premarket to $1.05
Source: Press Release
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