Stakes of two Genesis Mining shareholders pass disclosure threshold

Automotive

Genesis Mining said late Thursday that stakes held by two of its shareholders passed the 5% threshold for disclosure.

Alfa Trade Establishment raised its holding in Genesis Mining from 1 million to 8 million shares on August 31. Its voting rights rose to 29.68% as a result.

The private individual Gabor Kiss acquired 5 million shares or 18.5% of voting rights on August 31.

The company did not name the seller(s).

Before Genesis Mining made the announcement, shareholders holding more than 5% of its shares included Acquisition Pro (15.87%), Heidelberger Vermogensverwaltung GmbH (7.85%), Clearstream Banking SA (21.57%), Raiffeisen Bank Zrt (8.24%), Buda-Cash Brokerhaz (6.02%) and SIX SIS (6.0%). The latter four acted as custodians.

Formerly called Genesis Energy, the company announced it March that it sold its solar panel manufacturing and technology units as well as solar panel construction know-how for €15 million and would focus on mining activities in the future.

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