ROSLYN, N.Y., March 11, 2021 /PRNewswire/ — Sino-International Transport America, Ltd. (NASDAQ: SINO) (“Sino-International,” the “Firm” or “We”) immediately introduced the growth of its cryptocurrency market place with the shut of its acquisition of two,783 digital foreign money mining servers from Hebei Yanghuai Know-how Co., Ltd. (“Yanghuai”), reaching a complete of fifty,440 t/s in computing energy. The deal is valued at roughly RMB 30 million (roughly USD 4.6 million) and was closed following a profitable inspection of the digital foreign money operation servers for uniqueness, well being and possession.
Mr. Lei Cao, Chief Govt Officer of Sino-International, commented, “The profitable closing of this acquisition places Sino-International forward of schedule as we diversify our core enterprise into the quick rising cryptocurrency market. Buying almost 3,000 digital foreign money mining servers offers us a considerable platform, one we intend to develop each organically and thru further M&A alternatives in the event that they meet our valuation, efficiency and site standards. Having been in enterprise since 2001, we imagine we are able to leverage our intensive buying and selling and logistics expertise to create even better worth for the corporate and shareholders.”
All gadgets have distinctive QR codes enabling certified uniqueness acceptance. The settlement stipulates a one-year guarantee interval overlaying the operational well being and efficiency of the digital foreign money operation servers. Yanghuai will proceed to handle and function the digital foreign money mining servers at no additional cost throughout this one yr, after which period Sino-International could contract Yanghuai to supply such companies for a price.
About Sino-International Transport America, Ltd. (NASDAQ: SINO)
Based in the US in 2001, Sino-International Transport America, Ltd. has been diversifying into the quick rising cryptocurrency market, whereas persevering with to help and develop its core delivery, chartering, logistics and associated companies enterprise. Headquartered in New York, Sino-International has places of work in Los Angeles, Mainland China, Australia, Canada and Hong Kong. Extra details about Sino-International could be discovered on the Firm’s company web site at www.sino-global.net.
Sure statements made herein are “forward-looking statements” inside the that means of the “secure harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by means of phrases akin to “anticipate”, “imagine”, “count on”, “estimate”, “plan”, “outlook”, and “challenge” and different related expressions that predict or point out future occasions or developments or that aren’t statements of historic issues. Such forward-looking statements embody SINO’s estimated and future outcomes of operations, enterprise methods, aggressive place, business setting and potential development alternatives. As well as, there may be uncertainty concerning the unfold of the COVID-19 virus and the impression it can have on SINO’s operations, the demand for SINO’s services and products, international provide chains and financial exercise on the whole. Furthermore, the worth of cryptocurrencies could fluctuate considerably over time. These forward-looking statements replicate the present evaluation of current info and are topic to varied dangers and uncertainties. In consequence, warning have to be exercised in counting on forward-looking statements. As a result of identified and unknown dangers, our precise outcomes could differ materially from our expectations or projections. All forward-looking statements attributable to the Firm or individuals appearing on its behalf are expressly certified of their entirety by these elements. Aside from as required underneath the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.
Extra info regarding these and different elements which will impression our expectations and projections will probably be present in our periodic filings with the SEC, together with our Annual Report on Kind 10-Okay for the fiscal yr ended June 30, 2020. SINO’s SEC filings can be found publicly on the SEC’s web site at www.sec.gov. SINO disclaims any obligation to replace the forward-looking statements, whether or not on account of new info, future occasions or in any other case.
SOURCE Sino-International Transport America, Ltd.