Hatten Land agrees to operate 1,000 crypto mining rigs in Malaysia
It will repurpose its retail mall infrastructure in Melaka for digital activities
Add BT as a preferred source
Singapore
A SUBSIDIARY of Hatten Land has signed a definitive agreement with Singapore's Frontier Digital Asset Management to share proceeds from jointly operating at least 1,000 cryptocurrency mining rigs at the group's properties in Malaysia.
In a bourse filing on Wednesday, the property developer said the rigs, which will be built in phases from the fourth quarter of 2021, would repurpose Hatten Land's existing retail mall infrastructure in Melaka for digital activities such as crypto mining and e-commerce.
TRENDING NOW
Singapore developer in limbo after Timor-Leste scraps major township project
Troubled platform UCars founded by group of dealers wound up on S$4 million debt
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
