TVB to Form Hash Rate JV with GSR, 51-49 Split

TVB and GSR establish joint venture for hash rate services. TVB holds 51% voting rights; GSR commits up to HK$2B equity. Project to roll out in phases.

Woofun AI reports that Hong Kong Television Broadcasts Limited (TVB) intends to create a joint venture with GSR to deliver hash rate services. The proposed structure allocates 51% of ordinary voting rights to TVB and 49% to GSR.

The initiative will unfold in stages over the coming years. Capitalization will derive from GSR's equity contribution of up to HK$2 billion, supplemented by project bank financing and internal group resources.