Code Chain New Continent slumps following business update

Code Chain New Continent (NASDAQ:CCNC) has slumped -4.51% pre-market after providing business update for key operational developments. The cryptocurrency miner has been rapidly expanding Bitcoin mining to North America and recently announced a 10,000 KOI miner purchase order with AGMH. It has now announced a pre-commitment with MinerVA Semiconductor mining farm in Houston for 10,000 units capacity. The commitment is subject to payment of $5.6M deposits by January 31, 2022. The MinerVa Semiconductor Corp. farm is operational and will allow CCNC's mining machines to generate positive value starting from the second quarter of 2022.