Huaren Capital has further expanded by completing the construction of its new factory in the Philippines. The factory uses 10nm and 7nm miners which will be released at the end of September, the most advanced technologies from TSMC. These miners take advantage of cheap electricity to transform energy into calculating power. In return, they are rewarded bitcoins with a market price of $6,000.
Jeff Wang, President of Huaren Capital and a global mining leader, feels well satisfied with the result. At the factory, tens of thousands of miners have been operating fully loaded since they were put into use recently. This mine is only one of the many mining centers owned by Jeff Wang and Huaren Capital.
With its headquarters located in the Philippines, Huaren Capital hopes to lead the way in the digital mining industry. Furthermore, Jeff Wang hopes that it will further heighten the already well-established reputation of Chinese engineers and entrepreneurs in global technology.
As the most crucial technological innovation in this century, the blockchain industry has been closely associated with Chinese community since the very beginning. It is no exaggeration to say that it is the active investment and technological innovation of Chinese community that have given rise to the popularity of bitcoin and blockchain.