Huatie were forced to sell their subsidiary, Huatie HengAn, for just 10% of its initial valuation, following the losses. Huatie HengAn started as a construction company, but it is suspected that they had moved into crypto mining. Chinese firm Huatie were forced to sell their subsidiary, Huatie HengAn, for just 10% of its initial valuation, following losses of upto $23 million within a single year. In 2018, Huatie’s end-of-year financial report showed losses of $14 million and by February 2018, that had risen all the way upto $23 million. Huatie HengAn was initially supposed to be a construction company, but suspicions rose when the company’s annual financial filings showed that they had purchased 36,500 units of hardware from Canaan and Ebang in 2018, which they listed as “servers.” Since both those companies are known for their crypto mining hardware, it is suspected that they secretly pivoted from construction to mining. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bitcoin: The ‘golden’ moment is around the corner FX Street 4 years Huatie were forced to sell their subsidiary, Huatie HengAn, for just 10% of its initial valuation, following the losses. Huatie HengAn started as a construction company, but it is suspected that they had moved into crypto mining. Chinese firm Huatie were forced to sell their subsidiary, Huatie HengAn, for just 10% of its initial valuation, following losses of upto $23 million within a single year. In 2018, Huatie's end-of-year financial report showed losses of $14 million and by February 2018, that had risen all the way upto $23 million. Huatie HengAn was initially supposed to be a construction company, but… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
