Hong Kong Alcohol Company Buys 51% of Bitcoin Miner for $60 Million

Wine and Mine

Diginex Limited, a multinational crypto-resource speculation organization headquartered in Hong Kong has reported it sold a 51% stake of its digital currency mining and elite figuring (HPC) task for $60 million USD to Madison Group Holdings (HKG: 8057), a wholesaler of mixed drinks. A MOU (reminder of comprehension) between the two organizations point by point various cooperative energies, including the utilizing of Diginex's restrictive stage Digiassets that can be utilized by holders of cryptographic forms of money to buy high esteem wines and different resources.

Madison Holdings Group, in the past Madison Wine, is a speculation holding organization for the most part centered around the retail and discount mixed drinks business. The organization offers a wide range of fine wines, wine related items and different spirits, for example, premium and uncommon whiskies, cognacs and Chinese baijiu in Hong Kong. Madison is recorded on the Hong Kong Stock Exchange since 2015.

GPU Farms in Asia, Sweden and Switzerland

Diginex, which exclusive, has workplaces in Hong Kong, Switzerland, Germany and Japan. It has mining tasks in Asia, Switzerland and Sweden. The $60 million venture by Madison is said to enable Diginex to quick track the extension of their GPU mining tasks in Western Europe in organization with equipment providers, power and security suppliers so as to construct a safe and effective GPU-based cryptographic money mining server farm.

Miles Pelham, the CEO of Diginex, expressed: "this money infusion enables us to speed up our means towards turning into the worldwide supplier of Distributed Ledger Technologies. We will keep on building out our mining tasks in Sweden and Switzerland, yet additionally center around helping corporates and governments over the world to actualize transformative DLT applications."

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