SMI Vantage (SGX:Y45) has shelved expansion plans that including the acquisition of new digital mining machines and increasing in the size of its Provino business, according to a filing with the Singapore Exchange on Friday.

The company has also cancelled the planned accusation of shares in the Whisky Cask Club in the absence of external funding.

The company's net current liability position is at SG$1.24 billion as of June 30.

Meanwhile, controlling shareholder, Mark Behingham will continue to provide financial assistance as the company seeks to meet its financial obligations and reach agreements with various creditors.