Software Firm Future FinTech Acquires Chinese Bitcoin Mining Firm

Global Crypto News
Published on: 03.04.2021

Bitcoin mining is very profitable especially with the current revenue of $1.5 Billion for March 2021.

It is with this reason that publicly-traded software company Future FinTech acquired Chinese bitcoin mining firm Nanjing Ribensi Electronic Technology Co.’s 30,000 bitcoin mining machines for $9 Million.

With this acquisition, the Florida-based service provider can take advantage of the profitable bitcoin mining business while utilizing the cheap hydroelectric energy of the Sichuan region of China.

#SmartCrypto

Related
$90M Nobitex Hack Tied to Israel-Iran Conflict
Global Crypto News
21.06.2025
$90M Nobitex Hack Tied to Israel-Iran Conflict
Stablecoins Break into Mainstream Finance
Global Crypto News
14.06.2025
Stablecoins Break into Mainstream Finance
Web3 Innovation Goes Global
Global Crypto News
07.06.2025
Web3 Innovation Goes Global
Futu’s U.S. Crypto Service and Cantor’s Expansion
Global Crypto News
31.05.2025
Futu's U.S. Crypto Service and Cantor's Expansion
U.S. Senate Advances Stablecoin Regulation
Global Crypto News
24.05.2025
U.S. Senate Advances Stablecoin Regulation
Stay Up to Date with Us
Market Stats:
BTC Dominance: 57.16%(-0.08%/24h)
ETH Dominance: 14.21%(+0.15%/24h)
Defi Market Cap: $152.99B(-21.68%/24h)
Total Market Cap: $3789.13B(+0.28%/24h)
Total Trading Volume 24h: $108.21B(-42.97%/24h)
ETH Market Cap: $538.39B
Defi to ETH Ratio: 28.42%
Defi Dominance: 3.95%
Altcoin Market Cap: $1623.4B
Altcoin Volume 24h: $63.75B
Total Cryptocurrencies: 35904
Active Cryptocurrencies: 9522
Active Market Pairs: 108452
Active Exchanges: 845
Total Exchanges: 10932
BTC: 108747.59$(-0.05%/1H)
ETH: 4459.8$(0.33%/1H)
AVAX: 23.92$(0.3%/1H)
BNB: 858.83$(-0.02%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.83$(-0.07%/1H)
DOT: 3.81$(-0.11%/1H)
UNI: 9.83$(0.3%/1H)
LINK: 23.74$(-0.11%/1H)
CAKE: 2.5$(0.25%/1H)
SUSHI: 0.78$(0.15%/1H)
ONE: 0.01$(-0.25%/1H)