A little about the buyers from their website : http://www.luyitong.com/en/about/aboutlyt.shtml
handong Luyitong Intelligent Electric PLC. (hereafter called LYT Electric), founded in 2003 and covering an area of 178,000 square meters with registered capital of RMB 88 million Yuan, is a high-tech enterprise that specializes in R&D, production and marketing of the high & low voltage electrical complete equipment
The main production of LYT Electric is 40.5KV and below high & low voltage electrical complete equipment, as well as intelligent prefabricated substations, insulated busduct, and cable bridges, etc., such as KYN-40.5, HXGN17-12、KYN28-12、XGN2-12、GGD、GCK、GCS、MNS、ZNYBW ,etc. LYT Electric is one of the earliest enterprises in the industry that studied intelligent technology and put it into production. The company has successively developed a series of intelligent complete equipment, four of which has passed the Provincial Scientific and Technological Achievement Appraisal, three listed in the Provincial Science and Technology Development Plan, and one in the National Torch Plan. The technology in of the lead position of domestic level, and products have been identified as “Shandong Provincial Brand Products”.
Looking at their products it seems many extreme things used for power companies, nothing they own has anything to sell to general customers. I think they are going to use their customers to make money, offer them a discount on their products for so much free power or cheap power and run a warehouse of miners for cheaper than anyone else can.
handong Luyitong Intelligent Electric PLC. (hereafter called LYT Electric), founded in 2003 and covering an area of 178,000 square meters with registered capital of RMB 88 million Yuan, is a high-tech enterprise that specializes in R&D, production and marketing of the high & low voltage electrical complete equipment
The main production of LYT Electric is 40.5KV and below high & low voltage electrical complete equipment, as well as intelligent prefabricated substations, insulated busduct, and cable bridges, etc., such as KYN-40.5, HXGN17-12、KYN28-12、XGN2-12、GGD、GCK、GCS、MNS、ZNYBW ,etc. LYT Electric is one of the earliest enterprises in the industry that studied intelligent technology and put it into production. The company has successively developed a series of intelligent complete equipment, four of which has passed the Provincial Scientific and Technological Achievement Appraisal, three listed in the Provincial Science and Technology Development Plan, and one in the National Torch Plan. The technology in of the lead position of domestic level, and products have been identified as “Shandong Provincial Brand Products”.
Looking at their products it seems many extreme things used for power companies, nothing they own has anything to sell to general customers. I think they are going to use their customers to make money, offer them a discount on their products for so much free power or cheap power and run a warehouse of miners for cheaper than anyone else can.
just what is needed for btc a 100 megawatt farm at 3 cents a kwatt.
