Chinese company Newu will purchase equipment for mining Filecoin at $90 million – Bits Media

Chinese company New Universal (Newu), listed on the shenzhen stock exchange, announced, that will purchase equipment for mining Filecoin cryptocurrency at $90 million.

In the notification, sent to the Shenzhen Stock Exchange, reported, that the supply of equipment will be ensured manufacturer of the electronic components of Sesumg from the province of Jiangsi. The composition of the equipment will include as computing servers, and data storage systems. They will be connected to the Interplanetary File System's decentralized protocol storage (Ipfs), on which Filecoin works.

The first supply of equipment will 500 units of computing servers and 100 data storage systems. Thanks to this, NEWU representatives expect a noticeable increase in profit. At the same time in 2019 The company received the year $9.5 Milly net profit during capitalization in $400 million. Interesting, that this is the first known case, When a public Chinese company announced a Filecoin mining.

The launch of the main Filecoin network took place in October 2020 of the year. In mid -February, the total capacity of the network exceeded 2.5 exabytes, And now she has reached 3.3 Exabaites. The Fil Native cryptocurrency course has recently shown confident growth and at the time of publication the coin is traded in $86.