Code Chain New Continent Limited Announces Proposed Underwritten Public Offering of Common Stock and Warrants

Code Chain New Continent Limited (the "Company," or "Code Chain" or "We") (NASDAQ: CCNC), a vertically integrated cryptocurrency miner, today announced that it intends to offer shares of common stock and warrants to purchase common stock in a proposed underwritten public offering. The Company intends to use the net proceeds to purchase cryptocurrency mining equipment and for working capital and general corporate purposes. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
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