Singapore Myanmar Investco mulling JV with Hatten Land to mine cryptocurrency in Melaka

(Reuters illustration filepix by Dado Ruvic)

(Reuters illustration filepix by Dado Ruvic)

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SINGAPORE (Sept 19): Singapore Myanmar Investco (SMI) has entered into a non-binding memorandum of understanding (MOU) with Hatten land to jointly explore opportunities in cryptocurrency mining activities in Malaysia.

Under the MOU, which will come into effect from Sept 30 2021, the SMI and Hatten Technology — Hatten Land’s subsidiary — will work to develop a business plan to evaluate whether a sustainable long term business model can be created for both parties.

“This includes discussing and developing cryptocurrency mining activities and evaluating the installation of cryptocurrency mining machines in Melaka, Malaysia, subject to...(click on link for full story on theedgesingapore.com)