A multinational crypto-asset investment decision enterprise called Diginex Restricted, which has its headquarters in Hong Kong, has disclosed that Madison Group Holdings, which engages in the distribution of alcoholic beverages, has moved ahead to spend $60 million in the purchase of 51% of the firm, which also mines bitcoin.

An official involved in the matter said that a MOU (memorandum of understanding) was signed by the two firms.

Madison Holdings Team stand

Madison Holdings Team is the big name behind the wide spectrum of wines, Chinese baijiu, cognacs, scarce whiskies and other related top quality spirits. It was in 2015 that Madison was outlined on the Hong Kong Inventory Trade and a lot of people saw the moment as a transformative one.

Diginex has offices in Japan, Germany, Switzerland and Hong Kong. Aside from that, it also has several mining functions in Sweden, Switzerland and Asia. In its latest statement, the organization stated that it would be moving fast with the expansion of the GPU mining operations in Western Europe in close collaboration with hardware suppliers and the providers of electricity and stability.

The CEO of Diginex, Miles Pelham in making his statement outlined that the money that was being channeled was going to move a long way in helping them expedite their progress as an organization. The goal is to scale higher to become a major international company of Distributed Ledger Technologies in the near future.

He delved deeper into the matter outlining that they were serious about the construction of their mining operations in Switzerland and Sweden. For the company, it is all about the implementation of transformative DLT programs. What the future brings is something that we will just have to wait and see.