Natures Miracle Boosts Bitcoin Mining Capabilities by Acquiring Controlling Stake in J&Y Marigold
DENVER, Colo., Dec 16, 2024 (247marketnews.com)- Nature’s Miracle (NASDAQ: NMHI) agreed to acquire a 90% equity interest in J&Y Marigold, which is currently developing a Bitcoin mining facility with anticipated power load of 14 megawatts (“MW”), for an aggregate purchase price of up to $5.32 million.
James Li, Chairman and CEO of Nature’s Miracle, commented, “Our acquisition of a majority stake in J&Y Marigold marks an important milestone in strengthening our Bitcoin mining vertical, a transformative step in our journey toward diversification and growth. We expect the 14 MW Bitcoin mining facility being built by J&Y Marigold to be operational in the first half of 2025, enabling us to leverage advanced infrastructure to deliver efficient and scalable mining capabilities. This strategic acquisition allows us to expand beyond our core focus on agriculture technologies and solidify our foundation in the cryptocurrency industry. The global cryptocurrency market is experiencing unprecedented growth, fueled by increasing adoption and heightened institutional interest. Bitcoin mining, in particular, serves as a critical component in maintaining blockchain network security and stability while offering significant economic opportunities. This acquisition represents a vital step in our broader strategy to foster diversified growth, enhance operational capabilities, and seize new opportunities in a fast-evolving global landscape.”
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