On November 26, NASDAQ-listed Nature’s Miracle Holding Inc. made a strategic move by establishing a wholly-owned subsidiary, NM Data Inc., devoted to the development and acquisition of Bitcoin mining facilities. This initiative underscores a growing trend among traditional companies diversifying into the cryptocurrency sector. As part of this venture, NM Data has entered into a partnership with Future Tech, committing an initial investment of $200,000, with a total of $3 million pledged over the next year. The remaining $2.8 million is to be disbursed within twelve months following the initial transaction. This arrangement enables NM Data to secure a 51% ownership stake in Future Tech, marking a significant expansion into the digital asset mining landscape.
Source: https://en.coinotag.com/breakingnews/natures-miracle-holding-inc-launches-nm-data-to-invest-3-million-in-bitcoin-mining-facilities/