SHENZHEN, China, Aug. 7, 2023
/PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding
Group" or the "Company") (NASDAQ: METX), a
cryptocurrency mining company, today announced that it
has entered into subscription agreements (the "Subscription
Agreements") with two foreign investors, including an institutional
investor, Future Satoshi Ltd, and an individual investor, for
the issue and sale of 4,000,000 ordinary shares of the Company, par
value US$0.003 per share (the
"Ordinary Shares"), for total gross proceeds of $1,000,000, or US$0.25 per share.
The Company expects the transactions contemplated by the
Subscription Agreements to close on or about August 16, 2023. The Company plans to use the
proceeds to purchase additional mining machines, which is expected
to further increase the aggregate computing power of the Company's
cryptocurrency mining fleet.
"We are excited to announce the entry into the Subscription
Agreements. With the capital injection, we are aim to further grow
our cryptocurrency mining business," said Mr.
Alan Peng, Chief Executive Officer
of Meten Holding Group.
About Meten Holding Group Ltd.
Meten Holding Group Ltd. is a technology-driven
cryptocurrency mining company, with a long-term
strategy to create value across the cryptocurrency
industry. The Company is committed to developing
cryptocurrency mining 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.