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Chinese Tea Company, Urban Tea All set to Enter Cryptocurrency Mining

A Chinese tea retailer is hoping to begin a Bitcoin mining business. Urban Tea has declared the extension of its tasks by selecting two chiefs to seek after its crypto plans.

As indicated by the declaration, Urban Tea Inc. employed Fengdan Zhou as the organization’s new CEO and Dr. Yunfei Song as the free chief.

The tea retailer trusts the new chief will lead and think of a “key corporate system in the blockchain and digital money mining area”.

Dr. Song has broad involvement with cryptographic money mining and advanced resource the board. He will fill in as a free chief and give direction to the Company’s blockchain improvement system.

  • “As blockchain technology and cryptocurrency are gaining widespread popularity, they are poised to go mainstream. The world’s financial experts and leaders in business, science, and politics have demonstrated confidence in the future of blockchain technology and cryptocurrency, leading to massive growth within the industry.”
  • “To generate greater value to shareholders, management team underwent a thoughtful process of exploring, researching, studying, and discussing, with the board’s support, to enter into the blockchain and cryptocurrency business. We are excited to welcome Ms. Zhou and Dr. Song to the team to spearhead this new business. 
  • “We expect that their industry expertise, combined with our growth strategy, will lead our expansion plan into the cryptocurrency mining industry. Going forward, we expect Urban Tea will start expanding into blockchain ecology, such as cryptocurrency mining, blockchain mine construction and maintenance, and cryptocurrency exchange operations.”

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