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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: