A-share listed company Zhidu Co., Ltd.: In 2022, the Bitcoin purchased with cloud computing power has recorded an asset impairment of over 63 million yuan

ChainCatcher news, A-share listed company Zhidu Co., Ltd. (000676) announced that it is expected to turn from profit to loss in 2022, with a loss amounting to 305 million to 395 million yuan, and plans to make a total impairment provision of 560 million yuan. Among them, Zhidu Co., Ltd. stated that its subsidiary Zhidu Investment (Hong Kong) Co., Ltd. has signs of impairment for the Bitcoin generated from purchasing cloud computing power services from Bitmain, and the expected recoverable amount is lower than its book value. Therefore, Zhidu Co., Ltd. has made an impairment provision of 63.1832 million yuan. (Source link)