Wuhan General Group subsidiary SDT Holdings plans to invest $10 million to enter Quebec mining

According to foreign media reports, SDT Holdings, a subsidiary of Wuhan General Group, announced that its subsidiary SDBT announced that it will invest 10 million US dollars in northern Quebec, Canada to build a cryptocurrency mine.

Ramy Kamaneh, CEO of SDT Holdings, said:

“From an investment perspective, this is an exciting time to invest in Quebec, which will completely change the way we think about red envelopes. Because large digital currency miners like Bitmain are turning to Quebec, after all, there are lower energy costs and a cold climate.”

Ramy Kamaneh continued:

"We can currently ensure the construction of a warehouse with a maximum floor area of ​​100,000 square feet and provide 30 megawatts of available power, which can lay the foundation for future expansion of space and power. At this stage, we have begun discussions with hardware providers and related companies."

SDBT, which stands for Strategic Development of Blockchain Technology, is headquartered in Quebec and focuses on providing large-scale digital currency mining services in the region. In addition, the company also provides other related services, such as deploying and applying industry-level blockchain technology for corporate customers.

SDT Holdings is headquartered in Montreal, Canada, and is involved in industries including mining electrification, digital currency/blockchain, industrial-grade batteries, the Internet of Things and artificial intelligence.