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Meten Holding Group Ltd. Announces Strategic Alliance to Explore Opportunities in Blockchain and Digital Currency Industries

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SHENZHEN, China, March 16, 2022 /PRNewswire/ — Meten Holding Group Ltd. (“Meten Holding Group” or the “Company”) (NASDAQ: METX), one of the leading omnichannel English language training (“ELT”) service providers in China, announced that it had entered into a strategic cooperation agreement (the “Agreement”) on March 8, 2022 with Global Blockchain, Inc. (“Global Blockchain”), a digital currency company engaging in digital currency mining, investment, construction, and operation of digital currency mining farms and other business, for the purpose of sharing resources and exploring market opportunities in the blockchain and digital currency industries.

Pursuant to the Agreement, both parties expect to establish a long-term information communication mechanism to conduct industry research and share research results. Additionally, Global Blockchain has agreed to supply digital currency mining rig storage units that have been put in operation by the Company. Meten Holding Group has agreed to take part in the construction, operations, and other businesses of digital currency mining…

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