SMI Vantage Signs Bitcoin Mining Lease Agreement
Further to the Offer to Rent agreement previously announced in Sept 2023, the Company has now moved forward and signed a Lease Agreement
- Further to the Offer to Rent agreement previously announced in Sept 2023, the Company has now moved forward and signed a Lease Agreement
SINGAPORE, Dec 6, 2023 - (ACN Newswire) - SMI Vantage Limited ("SMI" or the "Company"), a company listed on the mainboard of the SGX, is pleased to announce the signing of a Lease Agreement ("the Agreement") by its wholly-owned subsidiary SMI CS Pte Ltd. - This is further to the previously announced Offer to Rent Agreement.
- The Agreement allows SMI Vantage to start Bitcoin-mining in a new location in East Malaysia in December 2023.
- SMI Vantage will be installing containerised mining facilities at the site and acquiring new Bitcoin-mining machines, which together will enhance the cost effectiveness of i's BTC mining operation.