Mercurity Fintech Holding Inc. Announces a $5.98 Million Asset Purchase Agreement for the Creation of Web3 Infrastructure

New York, NY, Dec. 20, 2022 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (the “Company” or “MFH”) (Nasdaq:MFH), a digital fintech group powered by blockchain technology, today announced that, on December 15th, 2022, it entered into an asset purchase agreement (the “Agreement”) with Huangtong International Co., Ltd. (the “Huangtong International”), providing for the Company’s acquisition and purchase of Web3 decentralized storage infrastructure, including cryptocurrency mining servers, cables, and other electronic devices, for an aggregate consideration of  $5,980,000, payable in the Company’s ordinary shares. The investment is made with an aim to own mining machines capable of gathering, processing, and storing vast amounts of data, and to further solidify the Company as a pioneer in the creation of the Web3 framework.  

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