ccnc - CCNC STOCK NEWS

Code Chain New Continent Limited (NASDAQ: CCNC) announced a proposed underwritten public offering of common stock and warrants. The proceeds will be used to acquire cryptocurrency mining equipment and for working capital. The offering, led by Aegis Capital Corp., is subject to market conditions, and details will be outlined in a preliminary prospectus to be filed with the SEC. This follows the effective shelf registration statement (No. 333-254366) dated March 26, 2021. The offering does not constitute a sale in jurisdictions where it would be unlawful.

Code Chain New Continent Limited (NASDAQ: CCNC) announces an expansion of its cryptocurrency mining operations, emphasizing global growth in response to the U.S. becoming the leading destination for Bitcoin miners. The company has placed a significant order for 10,000 mining units and established a pre-commitment with MinerVA Semiconductor Corp. in Houston, requiring a $5.6 million deposit by January 31, 2022. This collaboration aims to generate positive returns by Q2 2022. CEO Tingjun Yang expresses optimism for 2022 as pivotal for scaling operations and enhancing shareholder returns.

Code Chain New Continent Limited (NASDAQ: CCNC) has announced a significant order agreement with AGM Group Holdings Inc. (NASDAQ: AGMH) for 10,000 KOI Miner 100 TH/S mining machines, totaling US$65 million. The delivery is expected in the second half of 2022, with an option to purchase an additional 10,000 units. This strategic partnership aims to enhance Code Chain's mining operations and support blockchain ecosystem development, marking a milestone in its expansion efforts.

Code Chain New Continent Limited (NASDAQ: CCNC) announced the completion of an asset purchase agreement with Shenzhen Jindeniu Electronics Limited, valued at USD 15.9 million. This acquisition, finalized on September 27, 2021, includes storage servers for cloud computing, enhancing the Company's mining operations. Co-CEO David Feng expressed optimism about the transaction's potential to drive growth and create shareholder value. The Company aims to strengthen its cryptocurrency portfolio and is focusing on market opportunities with favorable governance.

Code Chain New Continent Limited (NASDAQ: CCNC) announced a non-binding letter of intent to acquire certain assets, including Filecoin (FIL) servers and computing power, from Shenzhen Jindeniu Electronics Limited for approximately USD 15.9 million in cash. Upon successful due diligence, a definitive purchase agreement is expected within five days, no later than December 31, 2021. This acquisition aims to enhance Code Chain's presence in the Filecoin market, positioning the company competitively in the growing decentralized data-sharing ecosystem.

Code Chain New Continent Limited (NASDAQ: CCNC) has successfully completed the acquisition of Doo Limited, a Filecoin mining service provider, for a total consideration of approximately USD $16.44 million. The transaction was settled through the issuance of 7,647,493 shares at a value of USD $2.15 each. With this acquisition, Doo becomes a wholly owned subsidiary, contributing 10PiB of FIL computing power and 100,000 digital currency units, thus enhancing Code Chain's foothold in cryptocurrency mining.

Code Chain New Continent Limited (NASDAQ: CCNC) has entered into a Joint Venture Agreement with Zhongyou Technology (Shenzhen) Co., Ltd. effective June 1, 2021. The new entity, Carbon Zero Renewables (Shenzhen) Co., Ltd., aims to develop cryptocurrency mining operations with zero carbon footprint. Code Chain will contribute $1 million in cash, holding a 51% stake, while Zhongyou will provide expertise and own 49%. This initiative targets the renewable energy sector, focusing on sustainable cryptocurrency mining to enhance revenue and address environmental concerns.

Code Chain New Continent Limited (CCNC) announced an LOI to acquire Doo Limited, a Filecoin mining service, for $79.8 million. Doo, based in Hong Kong, operates mining centers in Shanghai and holds 10PiB of computing power, representing 0.221% of global Filecoin. The acquisition will be financed through the issuance of CCNC's common stock, capped at 19.99% of outstanding shares. This strategic move aims to enhance CCNC's presence in the growing Filecoin market, which has become a focus for institutional investors.

Code Chain New Continent Limited (NASDAQ: CCNC) reported its Bitcoin mining results for March 2021, with a production of 17 Bitcoins valued at approximately $0.97 million, based on current rates of $56,825 per Bitcoin. The company emphasizes its operational efficiency and intends to expand its mining capabilities with the delivery of 2,000 Antminer S19j miners by October. Management plans to issue quarterly mining reports to enhance transparency and inform shareholders of growth potential.