Smart Cloud International has reached a 30 million Hong Kong dollar hashrate cooperation with Summit Mining, accelerating the dynamic accumulation and layout of Bitcoin mining.

On October 24th, Zhiyun International Holdings Limited (HKEX: 8521) made an announcement. Its wholly-owned subsidiary, Cloudpotent, signed a strategic cooperation agreement with Pansemi, which is the global partner of WhatsMiner, in Singapore. The two parties will cooperate in the areas of computing power supply and operation related to cloud-based computing power and internet traffic services. According to the agreement, the subsidiary of Zhiyun International will obtain approximately HK$30 million worth of computing power resources from Pansemi through a priority purchasing method and deliver them in batches within 24 months. Pansemi will regard the subsidiary of Zhiyun International as its strategic core customer, providing priority supply of computing power and offering favorable commercial terms on an equal basis with other key partners. Abraham Gomez, an investor in Zhiyun International, stated that this cooperation is a crucial step for Zhiyun International in advancing its "Bitcoin Accumulation Company" (BAC) strategy. It will assist Zhiyun International in acquiring mining computing power at a discounted price, improving Bitcoin mining efficiency, and strengthening its global competitiveness.