Brazilian bitcoin mining company CoinPY may sell to Chinese group

According to Cointelegraph, Brazilian bitcoin mining company CoinPY sold its mines across Paraguay to a Chinese group. The Chinese group also has a bitcoin mining business. CoinPY chief executive Rocelo Lopes said negotiations were under way on the sale. The negotiations included an eight-year negotiation between the China Group and CoinPY, which included mining, government and regulatory relations.