Bit Mining and HKUST reached a strategic cooperation to jointly explore and develop cutting-edge financial technology

On October 8, Bit Mining ($BIT Mining Limited(BTCM)$) signed a strategic cooperation agreement with the Encrypted Financial Technology Laboratory of Big Data Research Institute of Hong Kong University of Science and Technology (hereinafter referred to as "Encrypted Financial Technology Laboratory of Hong Kong University of Science and Technology"). Professor Wang Yang, Vice President (University Development) of Hong Kong University of Science and Technology, and Yang Xianfeng, CEO of Bit Mining attended the signing ceremony.

In the future, the two sides will carry out in-depth cooperation around industry data, cutting-edge research, academic exchanges, personnel training and other aspects in the blockchain industry, and work together to achieve mutual benefit and win-win between schools and enterprises, while jointly exploring and developing cutting-edge financial technologies.

Professor Wang Yang (left), Vice President of Hong Kong University of Science and Technology (University Development), and Yang Xianfeng (right), CEO of Bit Mining, signed a cooperation agreement

As a leader in blockchain and digital currency, BTC.com under Bit Mining will continue to provide development support and data interface for scientific research and entrepreneurial projects of the Encrypted Financial Technology Laboratory of Hong Kong University of Science and Technology in the future; The teams of both sides will also communicate regularly, share experiences and achievements with each other, solve problems in the industry, and jointly publish relevant papers and research reports; In addition, Bit Mining will provide internship opportunities for students from Hong Kong University of Science and Technology every year to help more younger generations have a deeper understanding of the blockchain industry.

This cooperation, Relying on the strong talent advantage and solid scientific research ability of the Encryption Financial Technology Laboratory of Hong Kong University of Science and Technology, Combined with the data advantages, technological advantages and practical experience of bit mining in blockchain industry, we will jointly explore and develop cutting-edge financial technologies to solve key challenges in blockchain industry and promote common development of both parties.

About Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) is an internationally renowned research university with world-class achievements in the fields of science, engineering, business management and humanities and social sciences. The HKUST campus is internationalized, providing holistic education and interdisciplinary research, and cultivating outstanding talents with international vision, entrepreneurial spirit and innovative thinking. More than 80% of HKUST's research has been rated as "International Excellence" or "World Leading" in the "2020 Research Evaluation Work" of the University Grants Committee in Hong Kong. Universities rank third in the latest Times Higher Education Global Young Universities Ranking List 2021, while graduates of HKUST rank 26th in the 2020 Global University Employability Survey, ranking first among Asian universities.

About Encryption Financial Technology Laboratory, Institute of Big Data, Hong Kong University of Science and Technology

The Encrypted Financial Technology Laboratory of Big Data Research Institute of Hong Kong University of Science and Technology was founded by Professor Wang Yang, Professor Chen Kayou and Professor Zhang Ji, Vice President of HKUST. It is one of the fastest growing encrypted financial research institutions in Asia, and is committed to giving full play to the complementary advantages of academia and industry and exploring cutting-edge financial technology. Since its establishment in 2019, it has organized various courses for many times, covering blockchain, smart contract, NFT and meta-universe. In 2021, the laboratory began to research and develop decentralized financial projects, incubating projects such as Degis insurance platform, intelligent investment and liquidity management. At the same time, the laboratory has established extensive cooperation with pioneers in various fields of the industry.

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