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The latest update is out from DL Holdings Group Limited ( (HK:1709) ).
DL Holdings Group Limited has announced a legally-binding term sheet for the intended acquisition of Bitcoin mining machines. The acquisition involves 2,200 S21XP HYD Bitcoin mining machines with a computing power of approximately 1,040,600 TH/s, valued at US$21,852,600. The transaction will be settled through convertible bonds, warrants, and earn-out shares. This potential acquisition could be a major transaction for the company, requiring shareholder approval and compliance with listing rules. However, the acquisition is not yet finalized, and shareholders are advised to exercise caution.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
More about DL Holdings Group Limited
Average Trading Volume: 81,054,023
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.9B
See more data about 1709 stock on TipRanks’ Stock Analysis page.