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Nasdaq-listed mining company Moxian announced the divestment of its Chinese subsidiary



Time:8/16/2022 12:28:06 PM

[Nasdaq-listed mining company Moxian announces divestment of Chinese subsidiary] On August 16, Nasdaq-listed mining company Moxian (BVI) Inc announced that its wholly-owned subsidiary Moxian Group Limited has signed an equity transfer agreement , sold the entire equity interest in the Chinese subsidiary Moxian (HongKong) Limited.

It is reported that Moxian (BVI) Inc is selling this time because the relevant entity has been in a loss-making state since its establishment. Moxian (BVI), Inc. is engaged in providing Internet media marketing services in China, and engaged in bitcoin mining and related services in the United States. (Golobe Newswire)

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If approved by the New York Department of Financial Services (NYDFS), Nasdaq would become a custodian for digital assets, putting the stock exchange in direct competition with centralized cryptocurrency giants including Coinbase, Anchorage Digital and BitGo. ( [2022/9/21 7:09:58]

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