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International Business Settlement Holdings Limited ( (HK:0147) ) has provided an announcement.
International Business Settlement Holdings Limited announced the purchase of 1863 units of HASH supercomputing servers for cryptocurrency mining at approximately US$10.9 million. This transaction, considered discloseable under Hong Kong’s Listing Rules, is expected to be settled through a Bitcoin pledge, reflecting the company’s strategic focus on expanding its cryptocurrency operations.
The most recent analyst rating on (HK:0147) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on International Business Settlement Holdings Limited stock, see the HK:0147 Stock Forecast page.
More about International Business Settlement Holdings Limited
International Business Settlement Holdings Limited is a company incorporated in Bermuda, primarily engaged in cryptocurrency-related business through a 70%-owned joint venture. The company focuses on cryptocurrency mining hardware and equipment.
Average Trading Volume: 57,146,574
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.72B
Learn more about 0147 stock on TipRanks’ Stock Analysis page.