DL Holdings and Antalpha reach strategic cooperation, plan to acquire and distribute $100 million XAUT, and invest another $100 million in Bitcoin mining machine procurement
ChainCatcher news, according to businessinsider, DL Holdings Group Limited (HKEX: 1709) announced today that it has reached a comprehensive strategic cooperation with Antalpha. This partnership, valued at up to 200 million USD, covers tokenized gold assets and bitcoin mining infrastructure.
In the gold asset sector, DL Holdings has initiated an initial investment of 5 million USD in Tether Gold (XAUT), and plans to further acquire and distribute up to 100 million USD worth of XAUT over the next twelve months. In terms of computing power infrastructure, the group has planned an additional investment of 100 million USD in bitcoin mining machine procurement. Thousands of high-performance mining machines have already been purchased, and a strategic alliance has been established with Antalpha. This cooperation will strengthen DL Holdings' upstream layout in the computing power sector and help it become a leading listed bitcoin mining company in Asia.
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