Future FinTech enters $62M Ohio crypto mining farm JV; APC gets option to buy 30%

Future FinTech Group Inc.

Agreement with APC Service Ltd. for a 300MW cryptocurrency mining farm in Ohio; total estimated investment of $62 million across six 50MW phases.
Phase I investment of $12M ($2M land, $10M development); APC can purchase up to 30% of FTFT Super-computing within 365 days of Phase I completion at 33% of actual expenses.
APC must secure power supply at ≤$0.04/kWh, obtain permits within 30 days, and complete Phase I construction by June 30, 2022 or face penalties.
If APC meets net profit target of $6M per 50MW annually, the operating team receives 20% of net profit as cash reward; excess over $7M triggers stock rewards.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.