{"id":38623,"date":"2021-03-10T09:54:14","date_gmt":"2021-03-10T07:54:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38623"},"modified":"2025-08-30T05:41:16","modified_gmt":"2025-08-30T02:41:16","slug":"shenzhen-listed-company-to-invest-155-million-in-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/shenzhen-listed-company-to-invest-155-million-in-bitcoin-mining\/","title":{"rendered":"Shenzhen-listed company to invest $155 million in bitcoin mining"},"content":{"rendered":"

The Shenzhen Stock Exchange-listed company Zhongjia Bochuang (ZJBC), with a market capitalization of about $900 million, plans to increase its investment in bitcoin mining, according to The Block<\/a>.<\/p>\n

The firm said that it has signed a partnership with the Shenzhen-based ASIC miner manufacturer MicroBT. ZJBC plans to invest in equipment under the Whatsminer brand up to 1 billion yuan (about $155 million) over the next two years.<\/p>\n

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“The scale in the first year will be no less than 20,000 units, the first batch should be delivered by May 2021, with no fewer than 2,000 units,” according to a ZJBC statement.<\/p>\n<\/blockquote>\n

The firm’s main lines of business are outsourcing of financial services, cloud communications, and network maintenance. However, through a subsidiary since 2018, ZJBC has earned revenue from a bitcoin mining farm in Sichuan.<\/p>\n

Chairman Wu Yin of ZJBC was an angel investor in MicroBT, and is now one of the major shareholders of the miner manufacturer.<\/p>\n

Earlier, the Chinese public company 500.com Limited, an online-lottery services provider, after acquiring the BTC.com mining pool<\/a> decided to rename<\/a> itself to BIT Mining Limited.<\/p>\n

Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Shenzhen Stock Exchange-listed company Zhongjia Bochuang (ZJBC), with a market capitalization of about $900 million, plans to increase its investment in bitcoin mining, according to The Block.<\/p>\n","protected":false},"author":1,"featured_media":38624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[133,1137,1728,1888],"class_list":["post-38623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-china","tag-cryptocurrency-mining","tag-microbt","tag-whatsminer"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=38623"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38623\/revisions"}],"predecessor-version":[{"id":38625,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38623\/revisions\/38625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/38624"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=38623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=38623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=38623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}