Hatten Land has signed an agreement with Singapore-based Frontier to build and operate mining farms with up to 3,000 pieces of equipment.
Hatten Land, a Malaysian developer, plans to complement the company’s development strategy with a new direction – bitcoin mining. This is part of a larger strategy that includes building your own blockchain, organizing payments in cryptocurrency, e-commerce and sustainable green energy.
Hatten Land is implementing the project in collaboration with Singapore-based Frontier Digital Asset Management, and plans to launch a farm with 1,000 ASIC miners in the first phase. The company plans to expand the mining farm to 3,000 pieces of equipment.
All operations and equipment maintenance is dedicated to Frontier. In Malacca, Hatten Land owns six shopping centers and four hotels. Frontier will build, run, manage and maintain mining farms at customer sites over the next year.
Hatten Land Managing Director Datuk Colin Tan June Teng said that the mining farms at the company’s facilities will be deployed in phases starting in October 2021. Solar panels will be used as a source of green energy for bitcoin mining.
“We will use Frontier’s proven expertise to build green mining hubs starting in Malacca. Initially, all resources will be directed to bitcoin mining, and in the future we may consider alternative cryptocurrencies, ”Teng said.
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