Cryptocurrency (Mar 11, 2021 05:30AM ET)
Chinese ICT Giant ZJBC Partners With BTC Mining Firm MicroBT
- Chinese ICT giant Zhongjia Bochuang (ZJBC) has partnered with Bitcoin mining company MicroBT.
- Under the collaboration, ZBJC will invest $155 million into MicroBT’s WhatsMiner project.
Zhongjia Bochuang (ZJBC), a prominent Chinese ICT company, recently announced its partnership with Bitcoin mining firm MicroBT. Through this partnership, ZJBC will invest over $155 million in MicroBT’s WhatsMiner Bitcoin mining project.
However, ZJBC will not invest the entire $155 million right away into MicroBT. Based on their partnership agreement, MicroBT is to provide a certain amount of its WhatsMiners to ZJBC. Also, MicroBT agreed that it will prioritize ZJBC products in terms of trading.
MicroBT will supply over 20,000 units to ZJBC in the first year of the partnership. Not only the said units, but MicroBT will also provide the first batch of the miners this May.
In addition, ZJBC and MicroBT will also create a public communication system. The partners aim to establish the system for public discussions and seminars to enable better synergy.
Moreso, both parties will launch industry apps like edge computing, 5G micro base stations, and blockchain technology using AI.
Meanwhile, this is not all that ZJBC and MicroBT want to do. They are even planning to join more of their resources and innovations in the future.
Of note, ZJBC said that its chairman Wu Ying invested in MicroBT in 2019.
This article first published on coinquora.com
Continue reading on CoinQuoraChinese ICT Giant ZJBC Partners With BTC Mining Firm MicroBT