International Business Settlement (00147) announced that as of October 22, 2025, the company holds a 70% interest in the joint venture...
Zhitong Finance APP reported that International Commercial Settlement (00147) announced that on October 22, 2025, Keen Golden Limited, a joint venture in which the company holds a 70% interest, entered into a non-legally binding letter of intent with SAITECH Limited (the seller) regarding a potential acquisition. Under the terms of the letter, Keen Golden intends to acquire 100% of the issued shares of SAI US INC (the target company) based on the acquisition letter of intent.
The target company is primarily engaged in operating bitcoin mining data centers in the United States. Its key assets include a 5-megawatt bitcoin mining facility and associated operational licenses.
The board believes that the potential acquisition represents a significant milestone in the expansion and enhancement of bitcoin mining capabilities. The group will be able to optimize its mining operations, including hardware selection, site hosting, energy management, and real-time software, thereby improving operational efficiency and competitiveness in the bitcoin mining business. The board considers that the potential acquisition aligns with the group's business development strategy and plans within the fintech industry, providing diversified revenue streams and creating long-term value for shareholders.
