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International Business Settlement JV Buys $10.9 Million in Crypto Mining Equipment

Keen Golden Limited, a subsidiary of International Commercial Settlement Holdings, signed agreements to acquire nearly 1,900 HASH servers with delivery due by September 2025.

BTC

Summary

International Commercial Settlement Holdings’ joint venture Keen Golden Limited has agreed to purchase 1,863 HASH supercomputing servers from Bitmain Technologies Georgia Limited and Tecnoenergia Capital Paraguay S.A. for approximately $10.87 million. Payment may be made in cash or via Bitcoin collateral, with delivery expected by September 2025 and a one-year warranty included.

Terms & Concepts
  • HASH Supercomputing Servers: High-performance computing servers designed for cryptocurrency mining, enabling efficient processing of blockchain validation tasks.
  • Bitcoin Collateral: A method of securing payment obligations by pledging Bitcoin as collateral instead of using traditional fiat currency.
  • Bitmain Technologies: A leading manufacturer of cryptocurrency mining hardware, best known for its Antminer series.