Hong Kong-listed Hao Tian International Construction Investment Group has suspended its Malaysian data center project, reallocating HK$35.75 million toward Ethereum purchases, citing economic challenges and confidence in the cryptocurrency’s future value.
Hao Tian International Construction Investment Group, listed in Hong Kong under ticker 1341.HK, announced it will suspend plans for a Malaysian data center and redirect HK$35.75 million to Ethereum purchases. The decision was attributed to economic conditions and limited financial resources. The company’s board resolved to complete the acquisitions within one month, underscoring confidence in Ethereum’s appreciation potential.