Blueman13
2021-11-25
Bad stuff
Hot stock: SMI Vantage up 28.3% on crypto mining machines acquisition
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It later eased to S$0.113 as at 11.51 am, up S$0.021 or 22.8 per cent.\nThe share price movement comes after watch-listed SMI Vantage on Wednesday (Nov 24) evening announced it was acquiring 3,000 crypto mining machines from a wholly-owned subsidiary of The9 for some 3.3 million yuan or S$705,000.\nAccording to SMI Vantage, the company has already received the first 100 crypto mining machines. It also has an option to buy a further 2,000 machines from The9.\nThe company further intends to develop a new \"mining-as-a-service\" platform with The9 and NHASH, a cloud mining platform.\nNews of SMI Vantage's latest acquisition comes a week after the group and The9 agreed to explore thedevelopment of a non-fungible token (NFT) publishing businesswith plans to tap the growing interest in crypto assets.\nIn its Nov 17 announcement, the company said that it intends to seek digital content for publication and sale across several NFT platforms under the memorandum of understanding inked with The9.\nListed on the Nasdaq, The9 is a tech company incorporated in the Cayman Islands and headquartered in China.","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/874475021"}
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