Author: busterfrankland
Hatten Land Subsidiary HTPL Signs Definitive Agreement with Frontier to Operate at Least 1,000 Cryptocurrency Mining Rigs in Malaysia
SGX Catalist-listed Hatten Land Limited (“Hatten Land”; SGX: PH0) said today it has signed an agreement with Frontier Digital Asset Management Pte. Ltd. (“Frontier”) to share proceeds from jointly operating at least 1,000 cryptocurrency mining (cryptomining) rigs within the Hatten Group’s properties in Malaysia. Cryptomining rigs will be installed starting from Q42021 in phases under the binding strategic collaboration and management agreement between Hatten Land’s wholly-owned subsidiary Hatten Technology (S) Pte. Ltd. (“HTPL”) and Singapore-based Frontier, which currently operates over 700 cryptomining rigs in Singapore. Hatten Land recently announced that it would re-purpose its retail malls in Melaka for digital ... Read more