Xiangtai Foods subsidiary uses nearly $ 6 million worth of cryptocurrency mining technology.

Golden Financial announced on January 6 that SonicHash US, a wholly-owned subsidiary of PLIN.US in the US market, has signed a purchase agreement with HashCow LLC. SonicHash US is buying 686 cryptocurrency miners with a total purchase price of US $ 5,995,640. Under the agreement, the new rig will be delivered to the New York Carthage mine in two to three weeks. When all miners are fully operational, the total mining company should include 1,428 Bitcoin miners. Worth $ 49,628 per Bitcoin last month, the company expects to generate around $ 11 million in revenue in the first year. Pursuant to the service agreement between YCD Petawatt Holdings LLC and SonicHash US on December 23, 2021, YCD will provide management and monitoring of the facility, including, but not limited to, rack, power and Internet connection. This service contract is valid for 12 months and is renewed for the next 12 months. SonicHash US charges a YCD electricity bill of $ 0.08 per kilowatt and a one-time charge of $ 99 per unit. YCD may give SonicHash US 90 days notice to terminate the service contract.