SPI Energy Co Ltd (ARD) (NASDAQ: SPI) is having an overwhelmingly strong start to the trading session this morning after the company announced news associated with a partnership. Of course, this news led to excitement among investors, and since the partnership is related to the blockchain, the gains are big. Today, we’ll talk about the partnership, what we’re seeing from the stock, and what we’ll be watching for with regard to SPI ahead.
SPI Enters Partnership Agreement
As mentioned above, SPI Energy is having an overwhelmingly strong day in the market today after announcing a new partnership. In a press release issued early this morning, the company announced that its wholly-owned subsidiary, SPI China Limited, has entered into a partnership agreement with COOIX Co., Ltd.
COOIX is a company that operates a blockchain and data computing platform that was founded in 2016 and is based in Beijing. According to the release, COOIX will provide customized services to blockchain projects run by SPI as well as support related to the blockchain technology.
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