Upon Completion of the Investment, this facility will have a 50MW capacity for Bitcoin Mining
ONTARIO, Calif., Nov. 25, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ:NMHI) ("Nature's Miracle" or the "Company"), announced today it has formed NM Data Inc., a Nevada Corporation and 100% subsidiary, to develop and acquire Bitcoin mining facilities. NM Data has signed an agreement to invest up to $3 million in Future Tech Incorporated ("Future Tech"), an Ohio-based company, to develop and build up to 50MW of Bitcoin mining and data center hosting facilities at Stryker, Ohio. With the $3 million investment, NM Data, Inc will own 51% of Future Tech, Inc.
The initial investment is $200,000 and the additional $2,800,000 is to be paid within 12 months of the initial closing. The closing of the investment of the $3 million is subject to Future Tech's executing an Electricity Sales and Purchase Agreement with a certain supplier set forth in the agreement and Future Tech entering into a ten-year lease option to purchase indoor space as set forth in the agreement. NM Data will invest additional capital to complete the 50MW bitcoin mining facility.
