Meten Holding Group Ltd. (METX) shares were rising 7.75% to trade at $0.22 in pre-market at last check. Meten Holding stock lost -11.28% to close Thursday’s session at $0.21. The stock volume remained 38.18 million shares, which was higher than the average daily volume of 16.71 million shares within the past 50 days.
METX shares have fallen by -92.16% over the last 12 months, and they have moved down by -6.37% in the past week. Over the past three months, the stock has lost -50.79%, while over the past six months, it has shed -60.08%. Further, Meten Holding has a current market of $79.58 million and its outstanding shares stood at 341.14 million. METX stock is rising following an update.
What update does METX have given?
Meten Holding (METX), formerly Meten EdtechX Education Group Ltd., is one of China’s leading omnichannel ELT specialized companies. For Chinese understudies and specialists, METX offers English language and abilities training. METX not only strengthens its position in the ELT administration sector in China, but it also engages in the blockchain and digital currency mining business outside of China, with the long-term goal of gaining respect in the digital currency industry.
Meten Holding (METX) yesterday gave a report on the Company’s cryptographic money business.
- Until this point in time, METX has put 867 mining machines into activity, comprising of 147 mining machines bought in little clusters and 720 mining machines bought from AGM Group Holdings Inc.
- The leftover 615 mining machines bought from AGMH are relied upon to be sent and placed into activity before the current month’s over.
- METX right now has an aggregate of 1482 units of Bitcoin mining machines with a figuring force of around 150PH/s.
- What’s more, METX has as of late bought 600 XP mining machines from Bitmain Technologies Ltd. (“Bitmain”) with a total registering force of around 100PH/s.
- These mining machines are relied upon to be conveyed in the final part of this current year.
- Meten Holding has gained huge headway with its cryptographic money business, which is one of the center organizations of the Company’s essential change in 2022.
- METX plans to keep on fostering its cryptographic money business by buying additional mining machines.
What Meten Holding Group is arranging further?
With the new buys and the arrangement to additional expand the number of mining machines, Meten Holding (METX) is focused on the cryptographic money business and expects to keep on working on its monetary circumstances as well as boosting an incentive for its investors. METX expects that keeping up with and working these mining machines in a protected and strong manner will assist the Company with its monetary solidness and long-haul development.
