Antelope Enterprise Announces Its Plan To Launch Energy Transmission Business And Appoints Management Team To Spearhead Such Initiative
Portfolio Pulse from Benzinga Newsdesk
Antelope Enterprise Holdings Limited (AEHL) announced its plan to launch an energy transmission business, appointing Mr. Huoyou Zhang and Mr. Di Wu to lead the initiative. The business, operated through AEHL US LLC, aims to supply power to a Texas data center and secure hosting sites for cryptocurrency mining, starting operations in Q3 2024. Mr. Qiguo Wang resigned from the Board for personal reasons.

April 29, 2024 | 1:14 pm
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AEHL is launching an energy transmission business, with operations starting in Q3 2024, focusing on supplying power to data centers and crypto mining sites.
The launch of a new business line in energy transmission, especially in the growing fields of data centers and cryptocurrency mining, could significantly enhance AEHL's revenue streams and market position. The appointment of experienced leaders and the strategic focus on cost-effective electricity supply indicate a strong commitment to this new venture. However, the actual impact on stock price will depend on the execution of these plans and market reception.
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