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Seeking Alpha

2023-01-17 18:47:12

Future FinTech starts crypto mining in Paraguay

Future FinTech starts crypto mining in Paraguay

Future FinTech ( NASDAQ: FTFT ) on Tuesday said its unit FTFT Paraguay has completed the first construction phase of its cryptocurrency mining farm in Mariano Roque Alonso, and has commenced operations there. The Paraguayan cryptocurrency mining farm has a capacity of three megawatts and can accommodate about 900 mining machines, the company said. The second phase of the project is expected to be completed in 2024 and 2025, with 100MW of processing power.

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