ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Jul 20, 2022 23:00 JST
Source:
SMI Vantage
SMI Vantage acquires new high hash rate cryptocurrency mining machines
Machines will be installed and operational by the end of July 2022
SINGAPORE, Jul 20, 2022 - (ACN Newswire) - SMI Vantage is acquiring new Avalon 1266 96TH/s crypto mining machines, to be installed in their mining datacentre in Melaka. The first batch of six machines will be delivered, installed and operational by the end of July 2022.
Mark Bedingham, President and CEO of SMI Vantage, commented, "We are pleased to announce that we have acquired new high hash rate machines which will be profitable even with the current bitcoin prices. In the current climate, we are confident that we can take advantage of suppressed machine prices to acquire more high hash rate machines over the next several months."
SMI Vantage has received shareholder approval at an EGM held on April 19th, 2022 for a proposed business diversification, following which the Company's cryptocurrency mining machines had become operationally enabled.
About SMI Vantage
SMI Vantage Limited is an investment and management company focused on capitalizing on strong trends in the new economy including Cryptocurrency Mining, and other high-tech SaaS platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances.
For media queries, please reach out to:
E:
enquiries@sin-mi.com
Source: SMI Vantage
Sectors: Crypto, Exchange, Blockchain Technology, Digitalization, Local Biz, Mining & Staking
Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Mitsubishi Motors to Terminate Its Joint Venture Partnership with Shenyang Aerospace Mitsubishi Motors Engine Manufacturing
Jul 22, 2025 17:00 JST
Eisai To Present Four-Year Efficacy And Safety Data On Continuous Treatment With Lecanemab At The Alzheimer's Association International Conference 2025
Jul 22, 2025 11:56 JST
Anime Tokyo Station TV Anime "SPYxFAMILY" Special Exhibition
Jul 22, 2025 11:00 JST
ShrimpTech JIRCAS and IMT Engineering Announce Strategic Collaboration to Advance Land-Based Aquaculture
Jul 22, 2025 09:00 JST
Honda Koraidon First Showrun during Suzuka 8 Hours
Jul 18, 2025 11:06 JST
SJC2 optical submarine cable in operation
Jul 18, 2025 09:36 JST
MHI-AP Awarded Long-term Service Contract for the Garabogazkarbamid Fertilizer Plant in Turkmenistan
Jul 17, 2025 19:07 JST
Mitsubishi Motors Premieres the All-New Destinator in Indonesia
Jul 17, 2025 17:21 JST
Hitachi, global investment firm Brookfield, and global commodities trading firm Hartree Begin to Explore a Funding Scheme in the Environmentally-friendly Digital Infrastructure Sector
Jul 17, 2025 14:16 JST
"TOKIO Exciting Anime Workshop" Confirmed - Enjoy "Summer Festival at Anime Tokyo Station" This Summer Vacation
Jul 17, 2025 11:00 JST
Eisai Awarded "The 9th Bioindustry Award" for Drug Discovery Research for Anti- Amyloid B Monoclonal Antibody Lecanemab
Jul 16, 2025 14:50 JST
New Trains for Singapore's Sengkang-Punggol LRT Begin Commercial Operation
Jul 16, 2025 14:34 JST
AUG East Consortium and NEC to develop high-capacity submarine cable system across East Asia
Jul 16, 2025 14:00 JST
Anime Tokyo Station: Mobile Suit Gundam GQuuuuuuX -Beginning- Special Exhibition - New Designs Added for Admission Bonus Illustration Cards
Jul 16, 2025 11:00 JST
Fujitsu Data Intelligence PaaS enhances Mazda's data-utilization and decision-making
Jul 16, 2025 10:30 JST
Fujitsu and Acer Medical trial AI service that assesses future disease risk in elderly patients through gait pattern abnormality detection
Jul 16, 2025 10:20 JST
All Nippon Airways and Hitachi Unveil Japan's First Airline "Operations Brain" System, Enabling Rapid, Optimal Flight Schedule Revisions During Disruptions
Jul 15, 2025 12:00 JST
Fujitsu's AI-powered supply chain solution selected as transformative example of applied-AI technology by World Economic Forum
Jul 14, 2025 10:30 JST
"URECE" (Dotinurad) Launched in China as a treatment for Gout
Jul 14, 2025 10:20 JST
Mitsubishi Motors Added to FTSE4Good Index Series, FTSE Blossom Japan Index and FTSE Blossom Japan Sector Relative Index for Consecutive Years
Jul 11, 2025 16:28 JST
More Latest Release >>
Related Release
SMI Vantage Limited invests in the Whisky Cask Club
August 15 2024 23:00 JST
SMI Vantage and The9 Limited Sign Cooperation Agreement to Expand Digital Mining and AI Collaboration
August 02 2024 17:00 JST
SMI Vantage Signs Bitcoin Mining Lease Agreement
December 06 2023 11:00 JST
SMI Vantage: Acqusition of 51% Stake in Provino Logistics to Complement and Expand Current Business Areas in F&B
July 03 2023 08:00 JST
SMI Vantage Appoints F&B Innovator Jocelyn Chng to the Advisory Board Committee
December 27 2022 18:45 JST
SMI Vantage Appoints Well-Known Business Personality: CSR, ESG and Organisational Development Expert Leong Lai Yee to the Board
December 27 2022 18:45 JST
SMI Vantage Introduces AI-inspired F&B concept - Robochef
October 31 2022 09:00 JST
More Press release >>