International Business Settlement (00147.HK) announced that during the period from October 17 to November 7 this year, it purchased a total of approximately 247.8694 bitcoins on the open market at a total cost of RMB 200 million (USD 25.7 million), equivalent to an average price of approximately RMB 806,900 (USD 103,700) per bitcoin.
In addition, Keen Golden, a 70%-held subsidiary, entered into a one-year strategic cooperation framework agreement with Sharpening Technology. Under the agreement, Sharpening Technology will provide cloud mining services with a total service amount not exceeding USD 100 million. Meanwhile, the two parties have entered into their first cloud mining services agreement, under which Keen Golden will purchase cloud mining services from Sharpening Technology for a term of 365 days at a cost of USD 15 million, payable by transferring 146.7 bitcoins.
