PANews reported on October 13th that Nasdaq-listed Zhejiang Jiuzi New Energy Automobile Co., Ltd. (Jiuzi New Energy) (NASDAQ: JZXN) disclosed a crypto-denominated private placement settled in 100 Bitcoins. The funds will be used to build a digital asset custody platform and develop cryptographic storage technologies, focusing on secure multi-party computation and zero-knowledge proofs. The company stated that it has entered the implementation phase following the signing of the agreement on October 7th. JZXN's stock price has risen since the framework disclosure and is now above its closing price before the announcement. JZXN specializes in high-power DC fast charging and energy storage in third- and fourth-tier cities and will advance the development and testing of its "Smart Energy Cloud Platform" and cross-border digital payments.PANews reported on October 13th that Nasdaq-listed Zhejiang Jiuzi New Energy Automobile Co., Ltd. (Jiuzi New Energy) (NASDAQ: JZXN) disclosed a crypto-denominated private placement settled in 100 Bitcoins. The funds will be used to build a digital asset custody platform and develop cryptographic storage technologies, focusing on secure multi-party computation and zero-knowledge proofs. The company stated that it has entered the implementation phase following the signing of the agreement on October 7th. JZXN's stock price has risen since the framework disclosure and is now above its closing price before the announcement. JZXN specializes in high-power DC fast charging and energy storage in third- and fourth-tier cities and will advance the development and testing of its "Smart Energy Cloud Platform" and cross-border digital payments.
Jiuzi New Energy completes private placement with 100 Bitcoins, advancing its crypto asset strategy
PANews reported on October 13th that Nasdaq-listed Zhejiang Jiuzi New Energy Automobile Co., Ltd. (Jiuzi New Energy) (NASDAQ: JZXN) disclosed a crypto-denominated private placement settled in 100 Bitcoins. The funds will be used to build a digital asset custody platform and develop cryptographic storage technologies, focusing on secure multi-party computation and zero-knowledge proofs. The company stated that it has entered the implementation phase following the signing of the agreement on October 7th. JZXN's stock price has risen since the framework disclosure and is now above its closing price before the announcement. JZXN specializes in high-power DC fast charging and energy storage in third- and fourth-tier cities and will advance the development and testing of its "Smart Energy Cloud Platform" and cross-border digital payments.
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