SHENZHEN, China, July 14,
2023 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten
Holding Group" or the "Company") (NASDAQ: METX), a blockchain
technology company, today announced that it has entered into an
asset purchase agreement with two unaffiliated third parties to
acquire 200 units of Antminer S19j Pro (110 TH/s),
Bitcoin mining machines, and has agreed to issue to
the sellers ordinary shares of the Company valued at $880,000. The machines are expected to be
delivered and put into operation by July 31,
2023.
To date, the Company has put 1,754 mining machines into
operation. The newly purchased 200 mining machines are expected to
be delivered and put into operation by the end of this month, at
which point the Company will have 1,954 units of
Bitcoin mining machines with a computing power of more
than 208PH/s.
The Company intends to continue developing its
cryptocurrency business through purchasing more mining
machines. The Company believes that operating a growing number of
mining machines will help the Company with its financial stability
and long-term growth.
Mr. Alan Peng, Chief Executive
Officer of Meten Holding Group, commented: "We are excited to see
the progress we have made so far and the potential for our
cryptocurrency business to grow in the long term. With
the recent purchases and our plan to further increase the number of
mining machines, we aim to continue improving our financial
conditions as well as maximizing value for our shareholders."
About Meten Holding Group Ltd.
Meten Holding Group Ltd. is a blockchain technology company,
with a long-term strategy to create value across the metaverse,
blockchain and cryptocurrency mining industry. The
Company is committed to developing blockchain related businesses in
North America, including
cryptocurrency mining, mining farm construction, and
mining pool and data center operation.
For more information, please visit:
https://meten.investorroom.com
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such
statements are based upon management's current expectations and
current market and operating conditions and relate to events that
involve known or unknown risks, uncertainties and other factors,
all of which are difficult to predict and many of which are beyond
the Company's control, which may cause the Company's actual
results, performance or achievements to differ materially from
those in the forward-looking statements. Further information
regarding these and other risks, uncertainties or factors is
included in the Company's filings with the U.S. Securities and
Exchange Commission. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
law.
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SOURCE Meten Holding Group Ltd.