BRIEF-Madison Holdings Group Update On Cryptocurrency Mining Business
Nov 7 (Reuters) - Madison Holdings Group Ltd:
* EXPLORING FEASIBILITY OF DISPOSING OF RIGS IN ITS SWEDISH PREMISES AND REPLACING THEM WITH NEW AND ENERGY-SAVING MODELS
* TO MAINTAIN CONDITIONS OF EXISTING RIGS, OPERATION OF EXISTING RIGS WILL REMAIN SUSPENDED PENDING DECISION OF BOARD IN NEXT 2 MONTHS
* MARKET PRICE OF ETHER REMAINS AT LOW LEVEL IN PAST FEW MONTHS LEADING TO GROUP'S CRYPTOCURRENCY MINING BUSINESS OPERATING AT A LOSS Source text for Eikon: Further company coverage: