SHENZHEN, China, Jan. 11, 2022 /PRNewswire/ — Meten Holding Group Ltd. (“Meten Holding Group” or the “Firm”) (NASDAQ: METX), one of many main omnichannel English language coaching (“ELT”) service suppliers in China, as we speak introduced that it had began preliminary trial operation of the cryptocurrency mining enterprise in Pennsylvania, U.S. Presently, the Firm has procured 147 cryptocurrency mining machines with roughly complete computing energy of 14P, which have been put into industrial trial operation in Pennsylvania, U.S.
As a part of the beforehand introduced strategic partnership with AGM Group Holdings Inc. (“AGMH”) (Nasdaq: AGMH), the Firm bought cryptocurrency mining machines from AGMH. Lately, AGMH has delivered 1,335 items of Bitcoin mining machines to the Firm. Along with the delivered items, the Firm shall be scaling up its mining machines to extend computing energy capability to achieve 135P. The Firm expects to have all miners are absolutely operational in January 2022, signaling the beginning of official operation of the cryptocurrency mining enterprise.
Involving the cryptocurrency mining enterprise is among the Firm’s strategic plans to rework right into a “Metaverse Expertise Firm” and this enterprise is working easily at current. As well as, the Firm has now began to construct mines in Canada and the U.S. Wanting ahead, the Firm expects to function its mining enterprise in these to-be-build mines in North America and supply custody providers for different international mining items.
About Meten Holding Group Ltd.
Meten Holding Group Ltd., previously generally known as Meten EdtechX Schooling Group Ltd., is among the main omnichannel English language coaching (“ELT”) service suppliers in China, delivering English language and abilities coaching for Chinese language college students and professionals. Along with strengthening its place within the ELT service business in China, Meten actively explores the blockchain and cryptocurrency mining enterprise outdoors China, with a long-term aim of making worth throughout the cryptocurrency business. Meten expects to interact in companies associated to blockchain and metaverse in North America and different nations and areas all over the world (not together with China), together with cryptocurrency mining, mining farm building, and mining pool and information middle operation.
For extra data, please go to: https://investor.metenedu-edtechx.com/.
Protected Harbor Assertion
This announcement accommodates forward-looking statements that contain dangers and uncertainties. These statements are made below the “secure harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements could be recognized by terminology akin to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and related statements. Statements that aren’t historic information, together with statements in regards to the Firm’s beliefs and expectations, are forward-looking statements. A lot of components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: the longer term growth of and the Firm’s potential to achieve its new line of enterprise in cryptocurrency and blockchain business; the persevering with influence of the COVID-19 pandemic and the emergence of latest variants; our potential to draw college students and not using a important lower in course charges; our potential to proceed to rent, practice and retain certified academics; our potential to keep up and improve our manufacturers; our potential to successfully and effectively handle the growth of our college community and efficiently execute our progress technique; the end result of ongoing, or any future, litigation or arbitration, together with these regarding copyright and different mental property rights; competitors within the English language coaching sector in China; modifications in our revenues and sure value or expense objects as a proportion of our revenues; the anticipated progress of the Chinese language English language coaching and personal training market; Chinese language governmental insurance policies relating to personal instructional providers and suppliers of such providers; well being epidemics and different outbreaks in China; and common financial circumstances in China. The Firm doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below relevant regulation. All data supplied on this press launch and within the attachments is as of the date of this press launch, and the Firm undertakes no obligation to replace such data, besides as required below relevant regulation.
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SOURCE Meten Holding Group Ltd.