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Daido Group Limited ( (HK:0544) ) has provided an announcement.
Daido Group Limited has signed a non-legally binding letter of intent to form a Delaware-based joint venture, in which it will hold a 60% stake, to acquire two U.S. data centres that provide Bitcoin mining services, with a combined capacity of 30 megawatts and an expected consideration of US$11.4 million. The proposed deal, which includes real property, power agreements, customer contracts and mining infrastructure, is positioned as a strategic extension of Daido’s expertise in managing specialised, energy-intensive warehousing, supporting its shift toward an “Infrastructure-as-a-Service” model that could deliver recurring income and provide a platform for future use in other high-demand computing sectors such as AI data centres, thereby enhancing the group’s long-term resilience and asset value.
The most recent analyst rating on (HK:0544) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Daido Group Limited stock, see the HK:0544 Stock Forecast page.
More about Daido Group Limited
Daido Group Limited is a Bermuda-incorporated investment holding company listed in Hong Kong, primarily engaged in operating cold storage and related logistics services, as well as trading and selling food and beverages. The group focuses on energy-intensive warehousing infrastructure and is seeking to diversify its revenue base beyond its traditional food and beverage-related storage operations amid challenges in its existing businesses.
Average Trading Volume: 103,582
Technical Sentiment Signal: Buy
Current Market Cap: HK$62.32M
Learn more about 0544 stock on TipRanks’ Stock Analysis page.