SMI Vantage soars on deal to buy crypto machines

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SMI Vantage shares soared by more than 28 per cent when the market opened yesterday 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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A version of this article appeared in the print edition of The Straits Times on November 26, 2021, with the headline SMI Vantage soars on deal to buy crypto machines. Subscribe