METX - Meten Holding shares rise on purchase of 200 bitcoin mining machines

July, 14 2023 08:48 AM Meten EdtechX Education Group Ltd.

2023-07-14 08:48:47 ET

Meten Holding ( NASDAQ: METX ) will buy 200 units of Antminer S19j Pro (110 TH/s) bitcoin mining machines from two unaffiliated third parties, the company said Friday.
Shares of the company rose +19.2% at 26 cents premarket.
The company has agreed to issue sellers ordinary shares of the company worth $880,000 for the mining machines.
The machines are expected to be delivered and put into operation by July 31, 2023.
With the latest purchase, the company will have 1,954 bitcoin mining machines with a computing power of more than 208PH/s.
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Company Name:	Meten EdtechX Education Group Ltd.
Stock Symbol:	METX
Market:	NASDAQ