Meten Holding Group Ltd. Provides Updates on its Blockchain and Digital Currency Business
Meten Holding Group Ltd. - Ordinary Shares (METX)
Company Research
Source: PR Newswire
SHENZHEN, China, July 28, 2022 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ: METX), an omnichannel training company headquartered in China providing language and workplace training services and actively developing metaverse, blockchain and cryptocurrency mining businesses, today provided updates on its blockchain and digital currency business.As previously disclosed in a press release in December 2021, Meten Holding Group established the joint venture, Met Chain Co., Limited ("Met Chain"), specializing in the research and development ("R&D"), production, and sales of cryptocurrency mining equipment. Since its formation, Met Chain has generated revenue of approximately US$4.86 million from sales of cryptocurrency mining equipment and providing cryptocurrency mining equipment sales services, despite the tumbled prices of cryptocurrencies. The Company expects to see an increase in the orders Met Chain receives and Met Chain is expected to gene
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