Meten stock jumps 13% after joining Global Blockchain to explore digital currency sector

China's Meten Holding Group (NASDAQ:METX) said Wednesday that it has formed a strategic alliance with digital currency firm - Global Blockchain - to explore opportunities in the industry. Both parties intend to invest in the construction of a digital currency mining farm in the U.S. with expected capacity of 5 to 10 megawatts. The deal will see Global Blockchain supplying digital currency mining rig storage units that have been put in operation by Meten Holding. "We are pleased to cooperate with Global Blockchain as we keep expanding our blockchain and digital currency business in the U.S. This cooperation will help us stay informed in the fast-evolving blockchain and digital currency industries and stay close to the industry development trend," said Meten Holding CEO Alan Peng. METX stock is up 13% in pre-market trading. Earlier (Mar. 14): Meten climbs 5% as subsidiary enters alliance to develop Metaverse vocational education