TechFlow news — Coolpad Group has conducted a series of open market acquisitions through its wholly-owned subsidiary, Digital Tech Inc. The transactions involved applicable percentage ratios exceeding 5% but less than 25%, constituting disclosable transactions under the listing rules.
Between April 16, 2024, and May 8, 2024, Digital Tech acquired 1,500,000 shares of CLSK for a total consideration of approximately $23.84 million. Additionally, between April 19, 2024, and May 8, 2024, it acquired 113,000 shares of IBIT for a total consideration of approximately $4.03 million, equivalent to about $35.64 per IBIT share.
CLSK is a Bitcoin mining company incorporated in Nevada, USA, with its ordinary shares listed on the Nasdaq Capital Market. Coolpad Group’s business profile indicates that apart from its traditional mobile phone and accessories manufacturing and sales, the company is actively exploring new business opportunities, particularly in the Web3.0 and digital currency sectors.
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