---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-065845"
form_type: "8-K"
ticker: "FTFT"
cik: "0001066923"
company_name: "Future FinTech Group Inc."
filed_at: "2021-12-17T23:59:59+00:00"
generated_at: "2026-06-27T23:59:33.710286+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-21-065845
- form_type: 8-K
- ticker: FTFT
- cik: 0001066923
- company_name: Future FinTech Group Inc.
- filed_at: 2021-12-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1066923/000121390021065845/0001213900-21-065845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1066923/000121390021065845/ea152456-8k_futurefin.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-065845
- JSON: https://secwatch.observer/filing/0001213900-21-065845.json
- Plain text: https://secwatch.observer/filing/0001213900-21-065845.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.