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Hatten Land to explore 'green' cryptocurrency mining business; solar energy initiatives

Felicia Tan
Felicia Tan9/16/2021 8:29 AM GMT+08  • 4 min read
Hatten Land to explore 'green' cryptocurrency mining business; solar energy initiatives
The group has proposed a share placement to raise $1.8 million to boost its tech and renewable energy initiatives.
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Hatten Land, on Sept 16, announced that it was looking to jointly explore business opportunities with Singapore Myanmar Investco (SMI) in cryptocurrency mining activities, namely in energy-efficient ‘green’ cryptocurrency mining.

The group, through its wholly-owned subsidiary Hatten Technology, signed a memorandum of understanding (MOU) with SMI, where it will see the installation of cryptocurrency mining machines within the group’s assets in Melaka, Malaysia.

To date, the group operates six malls with a built-up area of over six million sqft. It also owns four hotels in Melaka.

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