Madison Holdings is exploring the feasibility of replacing Swedish property installations to reduce cryptocurrency mining operating costs

Madison Holdings (08057) issued a statement saying that considering that the market price of Ethereum has been at a low level in the past few months, resulting in a loss in the operation of the group's cryptocurrency mining business, the group is exploring the installation of its Swedish property. Replacing it with the feasibility of a new energy-efficient model to increase productivity and reduce the operating costs of cryptocurrency mining, the operation of existing installations has been temporarily suspended. As at the date of this announcement, the Board has not yet decided whether to proceed with the potential sale and has not entered into any agreement on the potential sale. In order to maintain the condition of the existing equipment, the operation of the existing equipment will continue to be suspended until the board of directors makes a decision in the next two months.