What happened Shares of blockchain company Future FinTech (NASDAQ: FTFT) fell on Wednesday after the company announced it's taking a stake in a cryptocurrency mining company. Considering cryptocurrencies and cryptocurrency stocks have generally been on a hot run during this past week, one might have expected Future FinTech stock to rise on this news. But as of 12:45 p.m. EDT, it was down 9%. So what Future FinTech has entered an agreement with Mingtang Network Technology for a 51% equity stake. While the price could change by the closing date, the 51% stake is only expected to cost $7 million. However, Mingtang Network is needing a $91.7 million investment to significantly upgrade its cryptocurrency mining capabilities. With its 51% stake, Future FinTech will provide 51% of the funding -- almost $47 million. Perhaps its this added cost that has investors second-guessing this acquisition today. Image source: Getty Images. For 2021, Mingtang Network is expecting to report at least $6.1 million in earnings before interest and taxes (a non-GAAP, adjusted earnings metric). If audited results don't reflect that, Mingtang Network's shareholders have agreed to make up the difference. No what Growth by acquisition appears to be the ongoing strategy for Future FinTech. In just the past month, it's announced three other acquisitions ranging from a fintech company to an asset management operation. It's important to note that earlier this year the company backed out of previously announced acquisitions, so its deal with Mingtang Network today shouldn't be considered a done deal yet. It's also important to note that Future FinTech's business doesn't provide it with much money, so it's relied on stock offerings to fund these acquisitions. The company closed on a $35 million direct offering earlier this month. 10 stocks we like better than Future FinTech GroupWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Future FinTech Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Jon Quast has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source