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USA Real Estate Holding Co. forms cryptocurrency-mining joint venture

USA Real Estate Holding Co. and SDT Holdings Inc./Wuhan General Group (China) Inc. agreed to jointly launch bitcoin- and cryptocurrency-mining operations.

Under a letter of intent, USA Real Estate will identify and acquire warehouse setups for the operations, and Wuhan General will provide the mining rigs. The company will work out a profit-sharing structure within 120 days.