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Hatten Land Enters into MOU with Singapore Myanmar Investco to Undertake ‘Green’ Crypto Mining Activities in Melaka

SINGAPORE & MELAKA, MALAYSIA, Sep 16, 2021 - (ACN Newswire via SEAPRWire.com) - Hatten Land Limited (SGX:PH0) announced today a partnership to operate Hatten Land's energy-efficient 'green' cryptocurrency mining in Melaka that will soon be enabled by solar panels installed on rooftops of retail malls it owns or manages, as it pivots towards an environmental-friendly digital economy.SGX-Catalist Hatten Land's wholly-owned subsidiary, Hatten Technology (S) Pte. Ltd. ("Hatten Tech") has signed a MOU with SGX Mainboard-listed Singapore Myanmar Investco Limited ("SMI") to jointly explore business opportunities in cryptocurrency mining ("crypto mining") activities. SMI recently partnered NASDAQ-listed The9 Limited ("The9") to procure up to 4,000 sets of crypto mining rigs.Both parties will leverage on Hatten Land's space, infrastructure, and comparatively lower energy costs to carry out 'green' cryptomining activities, as Hatten Land steps up efforts to introduce solar energy. The renewable energy initiative will allow both parties to conduct 'green' crypto mining across Hatten Land assets, with increases in capacities helping to power more rigs to be added later.Hatten Land and its ...