Meten Holding Group Ltd. Announces Purchase Of 200 Units Of Antminer S19j Pro Bitcoin Mining Machines; Agreed To Issue To The Sellers Ordinary Shares Of The Company Valued At $880,000
Portfolio Pulse from Benzinga Newsdesk
Meten Holding Group Ltd. (NASDAQ:METX) has announced the purchase of 200 units of Antminer S19j Pro Bitcoin mining machines from two unaffiliated third parties. The company will issue ordinary shares valued at $880,000 to the sellers. The machines are expected to be operational by July 31, 2023. This purchase will increase the company's total number of mining machines to 1,954 units with a computing power of more than 208PH/s. The company plans to continue expanding its cryptocurrency business by purchasing more mining machines.
July 14, 2023 | 12:34 pm
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POSITIVE IMPACT
Meten Holding Group's purchase of 200 Bitcoin mining machines could potentially boost its cryptocurrency business and improve its financial stability. The company's shares could see a positive impact in the short term.
The acquisition of additional Bitcoin mining machines indicates Meten Holding Group's commitment to expanding its cryptocurrency business. This could potentially lead to increased revenues and improved financial stability, which could positively impact the company's stock price in the short term.
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