US-listed company Color Star transforms to expand crypto mining business, producing approximately 29 BTC in April

According to a report by Jinse Finance, Color Star, a Nasdaq-listed entertainment technology company focused on artificial intelligence, announced a business transformation and expansion into cryptocurrency mining. The company has deployed 10,000 Bitmain Antminer T21 machines at a mining site in Kazakhstan and disclosed that approximately 29 BTC were mined in April (the first month of the company's transition to cryptocurrency mining). The company revealed that it will subsequently focus on mining other cryptocurrencies.