Zhitong Finance App learned that FTFT.US (FTFT.US), a leading comprehensive financial and digital technology service provider, today announced that its wholly-owned subsidiary FTFT Super Computing Power Company (“FTFT Super Computing Power”) has signed a cryptocurrency mine escrow agreement (“Agreement”) with Tech Solution Inc. (“Tech Solution”). The agreement stipulates that FTFT Super Computing Power's cryptocurrency mine in Norwalk, Ohio, USA will provide mining machine hosting services for Tech Solution.
Tech Solution's mining machines include models such as the Antminer S19j Pro. FTFT supercomputing power will provide them with up to 4.0 megawatts of load power. The final server load will be based on the actual number of miners installed, and the monthly hosting service fee will be calculated based on the actual electricity consumption of Tech Solution's mining rig multiplied by the unit hosting fee. FTFT supercomputing power is responsible for providing the mine site, the installation, testing and operation of the mining rig, and providing continuous power supply for the mining machine. The agreement is valid from April 15, 2024 to April 30, 2025, and the escrow fee will be calculated from the date of actual startup.
Liu Yang, general manager of FTFT Super Computing Power, said, “We are very happy to provide mining machine hosting services for Tech Solution. We can support our customers with low-cost, safe and reliable infrastructure and domain expertise to ensure the success of both parties in the field of Bitcoin mining and computing power business. We are confident that the FTFT Ohio mine's mining rig hosting business will generate a continued return on our investment.”