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Sino-Global Shipping (SINO) Is Rising Today: Thanks To A Step Forward In Digital Currency

SCPS Stock

SCPS Stock

The provider of shipping and freight logistics integrated solutions Sino-Global Shipping America Ltd. (NASDAQ: SINO) has been experiencing an 11.48% rise in its stock price, raising it to $6.02 in mid-session trades. The stock price came to be surging following news about a development of the company’s strategy of entering in digital space.

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As a United States-based company in the maritime industry, Sino-Global was founded in 2001. With offices in Australia, Canada, Hong Kong, Los Angeles and Mainland China, Sino-Global is headquartered in New York. The Company currently offers a full and comprehensive range of shipping agency, shipping and chartering, inland transportation management, and ship management services.

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Today, Sino-Global announced it executed a purchase agreement for 2,783 digital currency servers (products) for a total price of RMB 30 million ($4.6 million).

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