A recent report reveals that publicly listed Chinese companies have been running bitcoin mining operations under the guise of subsidiary entities. Wholeasy and Huatie are among the companies mentioned with Huatie recording a loss of $23 million on its mining operations. An emphasis was observed on establishing overseas operations with Wholeasy forming partnerships in the United States. Another Chinese listed company, RHY, is reported to be running a multitude of mining farms in the Middle East.
Source: Bitcoin Magazine
