TechFlow news, on November 26, according to the Associated Press, Nasdaq-listed Nature's Miracle (NASDAQ: NMHI) announced the establishment of a wholly-owned subsidiary, NM Data Inc., and plans to invest $3 million to acquire a 51% stake in Ohio-based data center developer Future Tech.
The project will construct a 50MW Bitcoin mining facility and data center in Stryker, Ohio. An initial investment of $200,000 will be made, with the remaining $2.8 million to be paid within 12 months. Nature's Miracle CEO James Li stated that as Bitcoin prices approach $100,000, cryptocurrency mining is gaining strong momentum in the United States, and Future Tech will secure favorable power supply arrangements, providing advantageous conditions for project development.
