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Mercurity Fintech Holding Inc. (Symbol: MFH) is a forward-thinking digital fintech company harnessing the power of blockchain technology. The company's diverse business portfolio includes digital asset trading, asset digitization, and cross-border remittance, offering compliant, professional, and efficient digital financial services to a global clientele.
In addition to its core fintech services, Mercurity Fintech is actively involved in Bitcoin mining and digital currency investment and trading. The company is dedicated to expanding its reach by venturing into both online and traditional brokerage services and related sectors.
Among its recent achievements, Mercurity Fintech has made significant strides in enhancing its blockchain infrastructure to support seamless digital transactions and secure asset management. Through strategic partnerships and continuous innovation, the company aims to provide cutting-edge financial solutions that meet the evolving needs of its customers.
Mercurity Fintech's financial condition remains robust, backed by a strong business strategy and prudent financial management. The company's forward-looking statements indicate a commitment to growth and adaptability in the dynamic fintech landscape. Investors are advised to stay updated on the latest developments, as the company regularly communicates its progress and future plans.
Stay informed with the latest news and updates about Mercurity Fintech Holding Inc. to understand its performance, events, and developments in the exciting world of digital finance.
Mercurity Fintech Holding (MFH) announced a strategic joint venture agreement to expand into AI hardware intelligent manufacturing. The company signed a term sheet to form a JV in Hong Kong with a high-tech enterprise specialized in precision parts manufacturing. The JV will focus on producing precision components for AI servers and developing liquid cooling solutions.
The initial investment is $9.8 million, with MFH holding a 51% stake. The venture aims to establish a manufacturing hub targeting global leaders in artificial intelligence, smart driving, and wearable technology. The JV partner has existing collaboration with a leading AI server company, including ongoing sample production for liquid cooling projects.
Mercurity Fintech (MFH) reported its unaudited financial results for H1 2024. The company's GAAP revenue increased by 110.03% to $517,177, compared to $246,242 in H1 2023. While the gross loss decreased by 38.18% to $276,444 from $447,178 in the previous year, the GAAP net loss increased by 48.71% to $3,834,465, up from $2,578,541 in H1 2023.
Mercurity Fintech Holding (Nasdaq: MFH) announced that its subsidiary, Chaince Securities, has received FINRA approval for the ownership transfer of J.V. Delaney & Associates, a licensed broker-dealer established in 1982. The approval, granted under FINRA Rule 1017, allows Chaince Securities to proceed with acquiring 100% ownership, subject to meeting specific requirements by December 13, 2024. The approved business activities include corporate equity securities retailing, best efforts underwriting, U.S. government securities brokerage, and private placements. Municipal securities brokerage and mutual fund retailing activities have been removed from JVDA's Membership Agreement.
Mercurity Fintech Holding (Nasdaq: MFH) announced CEO Shi Qiu's participation in the 4th Annual Nasdaq Small-Cap Forum, a virtual event focusing on challenges faced by small-cap companies in 2025. The CEO emphasized that the forum provided valuable insights aligning with the company's strategic growth plans, particularly in digital investor outreach and corporate governance. The event covered key themes including investor targeting, capital market dynamics, and governance practices, while addressing macroeconomic challenges like interest rate volatility and cost pressures.
Mercurity Fintech Holding Inc. (MFH) announced its financial results for the year ended December 31, 2022. The company reported consolidated revenue of $863,438, up from $670,171 in 2021, driven primarily by its cryptocurrency mining business. Operating expenses were significantly reduced to $5,368,222 from $13,273,814, contributing to a decreased net loss of $5,634,971, compared to $21,665,704 the previous year. Furthermore, MFH improved its liquidity through $13.15 million in financing. The company is transitioning to a global structure, with plans to diversify into distributed computing, digital consultation, and blockchain services. The management is optimistic about future growth, citing strategic investments in cryptocurrency mining and web3 infrastructure.
Mercurity Fintech Holding Inc. (MFH) announced a Securities Purchase Agreement with a non-U.S. investor, issuing a Unsecured Convertible Promissory Note with a face value of $9 million. This transaction, completed on February 2, 2023, intends to fund Web3 and blockchain infrastructure development and pursue a cryptocurrency license from the New York State Department of Financial Services. The Note carries a 5% interest rate and can be converted into ordinary shares at a price of $0.00172. However, the company cautions that obtaining the BitLicense is uncertain. The offer is not registered under U.S. securities law.
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