Chainup Subsidiary, Top Value, and Huobi Asset Management Launch One-Of-A-Kind Blockchain Mining Fund

April 27, 2022, HONG KONG: ChainUp Group’s subsidiary Top Value, is pleased to announce a partnership with Huobi Technology Holdings Limited (Stock code: 1611.HK)’s wholly-owned subsidiary Huobi Asset Management (Hong Kong). Together, they will launch an IPFS infrastructure mining fund, an important step in Web 3.0 development. This new fund product is currently available for professional investors only. Top Value Finance is a digital asset management platform with specialized expertise in cryptocurrency funds, Filecoin mining funds, multi-strategy index funds, and other financial products.

The IPFS mining fund will look for interests in companies that are engaged in cryptocurrency mining activities, and companies that support or facilitate the cryptocurrency mining ecosystem. This fund uniquely focuses on the end-to-end industrial chain for mining services.

With the rapid growth of AI, big data, and 5G applications, the demand for data storage has grown exponentially.  For blockchain distributed storage, IPFS is essential in the ecosystem. To function, this storage requires a high volume of network nodes and distributed storage space which encourages users to leverage Filecoin token reward mechanisms to store data on the blockchain. ChainUp, a leader in blockchain technical infrastructure development, will provide ecosystem support and advisory for the IPFS mining fund.

As a core infrastructure component of Web 3.0, distributed storage and decentralized cloud computing, Filecoin will reach hundreds of millions of users in the future. Global Internet giants are already venturing into this new territory, which would further increase Filecoin’s popularity and investment value.

Established in 2019, Huobi Asset Management holds Type 4 and 9 licenses of the Hong Kong Securities and Futures Commission in 2020. They combine digital and traditional financial assets, providing customers with cutting-edge investment products. Jeff Mei, CMO of ChainUp Group states, “We’re excited to partner with a leading fund in the blockchain ecosystem. Our synergistic strengths with Huobi Asset Management will help bring this partnership to the next level.”

About Top Value

Top Value Finance is a digital asset management platform under the ChainUp Group and has extensive experience with mining investments and digital assets management. Its parent company, ChainUp, is a leading blockchain infrastructure technology provider with digital currency exchange white-label product offerings, mining technology services, and asset management. Its core management team is well-versed in both financial and technical experience, and has abundant legacy industry resources. Presently, the computing power of ChainUp's customers has exceeded 1000P, and ChainUp Group continues to be a top-tier leader in the IPFS ecosystem.

About Huobi Tech Holdings Limited

Huobi Technology Holdings Limited (“Huobi Tech”, Stock Code: 1611.HK) was listed on the Main Board of the Stock Exchange of Hong Kong Limited in November 2016. Actively developing the blockchain ecosystem and virtual asset ecosystem, Huobi Tech is committed to becoming the leading one-stop compliant virtual asset service platform. Huobi Tech currently offers data centre services, cloud-based services, SaaS, virtual asset management, custody, trust & custody, OTC brokerage, lending, trading platform and other related services.

At the same time, Huobi Tech is applying for virtual asset and finance-related licenses in major markets around the world. Up to now, Huobi Tech’s subsidiaries have successfully obtained the approval to conduct Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities from the Securities and Futures Commission of Hong Kong, registered as a Trust Company in Hong Kong with the Trust or Company Service Provider License (Hong Kong) and the Retail Trust Company License (Nevada USA).