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From electric vehicles to cryptocurrency mining, Kaixin Holdings has made a strong crossover! The electric vehicle giant announced the acquisition of a mining business in the Middle East and officially entered the field of Bitcoin mining. As China moves from the "ban era" to gradual opening, Kaixin.com's move marks the re-embracing of the trend of encryption by domestic enterprises.

Crypto counterattack! Kaixin.com enters Bitcoin mining and opens a new chapter of globalization

The company pointed out that low-cost Bitcoin mining machines and stable energy supply are the core of mining profitability. As a cross-border player, Kaixin.com plans to bring sustainable operation experience into the encryption field, inject green genes into Bitcoin mining, and balance the growth needs of the automotive industry.

Despite a 81% drop in revenue last year, Kaixin Holdings' mid-term growth rate still exceeds the industry average. This entry into the encryption field is seen as a strategic transformation, taking the opportunity of the global encryption industry's total market value exceeding US$3 trillion to explore business diversification. However, whether it can gain a foothold in this fiercely competitive track needs further observation.

Behind this strategy, it also reflects the trend of Chinese companies re-embracing cryptocurrency. With the rise of international blockchain technology, domestic companies are no longer satisfied with the role of "outsiders" and are trying to seek a voice in the global encryption field.

Kaixin.com's cross-border attack is a microcosm of the transformation of China's encryption industry. The combination of electric vehicles + Bitcoin, is it a dual-wheel drive or a risky move in the future? Follow Lao Lin and witness the start of this new era of encryption transformation!#Binanceregistered users exceed 240 million#Marketcallback, wait and see or get on board?#Haveyou participated in the new coin mining? #BTC☀ $BTC $ETH $SOL

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