Memorandum of Understanding for potential data center client
Harmonychain has signed a non-exclusive Memorandum of Understanding (“MoU”) with Neo Mines llc. Neo Mines is incorporated and registered in Dubai Economic Department (“DED”) whose office is in Dubai, United Arab Emirates. Neo Mines llc. strives to be a diversified mining entity involved within the crypto-mining space having an established network of contacts in key crypto-mining machinery suppliers in China, renewable energy suppliers in Scandinavia and international capital raising expertise.
The Parties will explore potential commercial collaboration in the development and running of various crypto-mining facilities. The MoU has a validity of 3 months. If the results of the development of the business plan and model analysis of the Business Cooperation are acceptable to both Parties, the Parties then intend to enter into discussions for the formation of one or more commercial agreements between them and other third parties to carry out the Business Cooperation or specific projects thereunder. If this MoU results in a Business Cooperation, this will be reported to the market.
For more information, contact:
Ola Stene-Johansen, CEO Harmonychain AS, osj@lokotech.no
www.harmonychain.com
About Harmonychain AS: The diversified blockchain company Harmonychain has launched its proprietary Scryptpool in closed alpha, and also owns 100% of the subsidiaries Lokotech AS (Scrypt ASIC) and Arctic Core AS (data center and blockchain verification). The management and the board have experience from the IT sector, the strategy department of the Research Council of Norway (NTNF), academia and finance. We focus on environmental improvements (reduction of energy consumption and CO2 emissions)in blockchain verification. This information is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act.