Purple Nine Energy has announced that it is currently conducting a $5.5 million financing round, with 70% of the funding portion invested in cryptocurrency assets.

BlockBeats News, September 30, according to Globenewswire, Jiu-Zi New Energy (Nasdaq: JZXN) announced that it is currently conducting a $5.5 million financing, including a registered direct offering and a concurrent private placement. The financing is expected to be completed on September 30, with approximately 70% of the proceeds planned to be used to invest in cryptocurrency assets.