Code Chain New Continent Limited (the “Company,” or “Code Chain” or “We”) (NASDAQ: CCNC), a leading eco-technology company, today announced its unaudited Bitcoin (“BTC”) mining production data for the first month. Since March 19, 2021, the Company has produced 17 Bitcoins, accounting for approximately $0.97 million in revenue, based on an approximate current price of each BTC at U$56,825.
David (Weidong) Feng, Co-CEO of the Company, commented, “We are excited to report the promising results for our first month of Bitcoin mining. These numbers indicate our efficiency and our team’s burgeoning ability to scale as new miners. The additional 2,000 Antminer S19j miners are on schedule to be delivered by the end of October this year. The Company plans to release quarterly mining operation results to promote transparency as a way to keep our shareholders informed of Code Chain’s growth potential. We look forward to exploring every opportunity to deploy our expanding mining fleet.”
About Code Chain New Continent Limited
Code Chain New Continent Limited engages in the research, design and development of electronic tokens that combine the five-W elements (when, where, who, why, what), geographic location via the Beidou satellite system and identity information using Code Chain technology. The electronic tokens are unique, tradable, and inheritable digital assets and cannot be tampered. The electronic tokens are based on and stored in the Code Chain system and can be used to monitor and document all kinds of consumer behaviors that involve code-scanning. Recently, the company has also diversified its business into Bitcoin mining.