Brief: Imperium Technology Sees Impairment To Mining Machines Of Filecoin And Chia Coins Owned And Leased By Group

Imperium Technology

06/06/2022 14:39

June 6 (Reuters) - Imperium Technology Group Ltd  0776.HK :
    * SEES AN IMPAIRMENT TO MINING MACHINES OF FILECOIN AND CHIA
COINS
OWNED AND LEASED BY GROUP
    * IMPAIRMENT IN AGGREGATE AMOUNT FROM ABOUT HK$28 MILLION TO
HK$40
MILLION DUE TO DEVELOPMENTS IN CRYPTOCURRENCIES MARKET IN MAY
2022
    * IMPAIRMENT DUE TO DEVELOPMENTS IN CRYPTOCURRENCIES MARKET
IN MAY
2022 AND RECENT PLUNGE OF MARKET PRICE OF FILECOIN, CHIA COINS
    * EXPECTED IT WILL LEAD TO LOSS IN GROUP'S CLOUD COMPUTING &
DATA
STORAGE BUSINESS SEGMENT HK$37.5 MILLION - HK$49.5 MILLION FOR 5
MNTHS

Source text for Eikon:  ID:nHKS3Bb1zP 
Further company coverage:  0776.HK 

 ((Reuters.Briefs@thomsonreuters.com;))