Bitmain and Hong Kong's Sino-ICT form partnership for bitcoin mining

According to Foresight News, Bitmain has entered into a cooperation agreement with Hong Kong Stock Exchange-listed Sino-ICT. The partnership stipulates that Sino-ICT will utilize Bitmain's HOST ANTMINER, a comprehensive cloud mining service, to manage bitcoin assets and expand its revenue sources.

Under the terms of the service agreement, Sino-ICT is also granted the right to purchase mining machines. This provision allows the company to directly control mining operations and equipment when necessary.