Hatten Land Enters into MOU with Singapore Myanmar Investco to Undertake 'Green' Crypto Mining Activities in Melaka
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Thursday, September 16, 2021
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Ltd. ("Hatten Tech") has signed a MOU with SGX Mainboard-listed Singapore Myanmar Investco Limited ("SMI") to jointly explore business opportunities in cryptocurrency mining ("crypto mining") activities.
Key Points:
- Ltd. ("Hatten Tech") has signed a MOU with SGX Mainboard-listed Singapore Myanmar Investco Limited ("SMI") to jointly explore business opportunities in cryptocurrency mining ("crypto mining") activities.
- Both parties will leverage on Hatten Land's space, infrastructure, and comparatively lower energy costs to carry out 'green' cryptomining activities, as Hatten Land steps up efforts to introduce solar energy.
- Under the MOU, SMI has the intention to install up to 2,000 rigs in Hatten Land's properties in Melaka.
- The initiative will allow Hatten Land to lower energy costs, accelerate its sustainability efforts and contribute to the 'green' crypto mining.