NEWS
TuanChe Plans to Venture into the Cryptocurrency Sector, Seeking New Investment and Expansion Opportunities
BEIJING, Nov. 21, 2024 /PRNewswire/ -- TuanChe Limited ("TuanChe," "Company," "we," or "our") (NASDAQ: TC) is pleased to announce that it has entered into an advisory agreement with Waterside Inc. ("Waterside") to assist TuanChe in identifying suitable cryptocurrency mining equipment and related resources. This collaboration marks an important step in TuanChe's exploration of new business opportunities in the digital economy.
On November 13, 2024, the price of Bitcoin surged again, surpassing $90,000 per coin. This latest surge further highlights the attractiveness of the cryptocurrency mining industry as a high-return sector. The engagement of Waterside aligns with TuanChe's strategic plan to diversify its business operations by venturing into the digital currency space. Waterside will provide consulting support in this area, including advice on product design, specifications, electricity pricing, and hosting service rates.
This initiative represents TuanChe's initial step into diversifying its business portfolio. By entering the cryptocurrency mining sector, the Company aims to lay a foundation for future growth while delivering greater value to its shareholders.
On November 13, 2024, the price of Bitcoin surged again, surpassing $90,000 per coin. This latest surge further highlights the attractiveness of the cryptocurrency mining industry as a high-return sector. The engagement of Waterside aligns with TuanChe's strategic plan to diversify its business operations by venturing into the digital currency space. Waterside will provide consulting support in this area, including advice on product design, specifications, electricity pricing, and hosting service rates.
This initiative represents TuanChe's initial step into diversifying its business portfolio. By entering the cryptocurrency mining sector, the Company aims to lay a foundation for future growth while delivering greater value to its shareholders.
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