Kaixin Holdings Explores Strategic Alternatives with Potential Acquisition in Crypto Mining Sector
Kaixin Holdings - Ordinary Shares (KXIN)
Company Research
Source: GlobeNewswire
HANGZHOU, China, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced a major strategic step forward as it explores new growth avenues. In the advanced stages of evaluating strategic alternatives, Kaixin is actively considering the acquisition of a controlling equity interest in a leading cryptocurrency mining company based in the Middle East. This mining company operates with cost-efficient BTC mining machines, optimizing self-mining processes while also offering sophisticated, end-to-end cloud hosting services tailored to meet the growing demand within the crypto mining industry. The facility’s long-term, stable energy supply is a critical asset that bolsters operational resilience and cost efficiency, underscoring Kaixin’s commitment to sustainable and profitable growth. About Kaixin Holdings Kaixin Holdings is a leading new energy vehicle manufacturer in China, equipped with professional teams with rich experience in R&D,
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- Kaixin Holdings Announces Receipt of Nasdaq Letter Regarding Regaining Compliance with Minimum Bid Price RequirementGlobeNewswire
- Kaixin Holdings to execute 1-for-60 share consolidation [Seeking Alpha]Seeking Alpha
- Kaixin Holdings Announces Share ConsolidationGlobeNewswire
- Kaixin Holdings First Half 2024 Earnings: US$0.10 loss per share (vs US$0.29 loss in 1H 2023) [Yahoo! Finance]Yahoo! Finance
KXIN
Sec Filings
- 11/14/24 - Form 424B5
- 11/14/24 - Form 6-K
- 10/15/24 - Form S-8
- KXIN's page on the SEC website