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Jiuzi New Energy Completes Private Placement with 100 Bitcoins, Advances Crypto Asset Strategy
Summary: According to reports, NASDAQ-listed company Zhejiang Jiuzi New Energy Automobile Co., Ltd. (Jiuzi New) (NASDAQ: JZXN) disclosed a private placement settled with 100 Bitcoins. The funds will be used for the construction of a digital asset custody platform and research and development of encryption storage technology, focusing on secure multi-party computation and zero-knowledge proofs. The ...
According to reports, NASDAQ-listed company Zhejiang Jiuzi New Energy Automobile Co., Ltd. (Jiuzi New) (NASDAQ: JZXN) disclosed a private placement settled with 100 Bitcoins. The funds will be used for the construction of a digital asset custody platform and research and development of encryption storage technology, focusing on secure multi-party computation and zero-knowledge proofs. The company stated that it entered the implementation phase after signing the agreement on October 7, with JZXN's stock price rising since the disclosure and exceeding the closing price before the announcement.
Jiuzi New's main business is high-power DC fast charging and energy storage in third and fourth-tier cities, and it will advance research and testing of the 'Smart Energy Cloud Platform' and cross-border digital payment.
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Link: Jiuzi New Energy Completes Private Placement with 100 Bitcoins, Advances Crypto Asset Strategy [Copy]
