SMI Vantage jumps after acquisition of 3,000 crypto mining machines

SMI Vantage shares soared by more than 28 per cent when the market opened Nov 25, 2021.
SMI Vantage shares soared by more than 28 per cent when the market opened Nov 25, 2021.PHOTO: ST FILE

SINGAPORE - SMI Vantage shares soared by more than 28 per cent when the market opened on Thursday (Nov 25) after the firm said it is acquiring 3,000 crypto mining machines from a wholly owned unit of Nasdaq-listed The9.

The stock retreated during the day but still closed up 8.7 per cent at 10 cents, with 33.5 million shares changing hands.

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