Future Fintech Group Inc. announced that on March 15, 2024, its wholly-owned subsidiary, FTFT SuperComputing Inc. signed a data mining hosting agreement with Teracrypto Technology LLC which stipulates that FTFT SuperComputing will provide hosting services for Teracrypto's bitcoin models on its cryptocurrency farm in Norwalk, Ohio. The Agreement specifies that Teracrypto's bitcoin miners would include models such as the Antminer S19j Pro, and that the maximum total power load that FTFT SuperComputing would provide is 3.0 MW, although FTFT SuperComputing does not guarantee that the total power load will reach this level. The final calculation of the total server load will be based on the actual number of bitcoin miner installations.

The monthly unit hosting fee per bitcoin miner unit will comprise FTFT SuperComputing's unit hosting fee, scaled pricing based on KwH usage ranges and calculations based on the average bitcoin closing price per the applicable month. FTFT SuperComputing is responsible for providing the hosting site, and installing, testing and operating the bitcoin miners. It has also agreed to provide continuous electrical power supply for the bitcoin miners as they are intended to be online 95% of each calendar year minus 36 days for regular maintenance.

The Agreement will be in force from March 15, 2024 to February 28, 2028.