Mercurity Fintech Announces Strategic Joint Venture to Expand into AI Hardware Intelligent Manufacturing and Support Liquid Cooling Solutions for World Leading AI Servers
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 Holding (MFH) ha annunciato un accordo di joint venture strategica per espandersi nella produzione di hardware intelligente per l'IA. L'azienda ha firmato un foglio di termini per formare una JV a Hong Kong con un'impresa high-tech specializzata nella produzione di parti di precisione. La JV si concentrerà sulla produzione di componenti di precisione per server IA e sullo sviluppo di soluzioni di raffreddamento a liquido.
L'investimento iniziale è di 9,8 milioni di dollari, con MFH che detiene una parte del 51%. L'obiettivo della nuova iniziativa è stabilire un hub di produzione mirato ai leader globali nell'intelligenza artificiale, nella guida intelligente e nella tecnologia indossabile. Il partner della JV ha già una collaborazione con un'importante azienda di server IA, compresa la produzione di campioni per progetti di raffreddamento a liquido in corso.
Mercurity Fintech Holding (MFH) anunció un acuerdo de joint venture estratégico para expandirse en la fabricación de hardware inteligente para IA. La empresa firmó una hoja de términos para formar una JV en Hong Kong con una empresa de alta tecnología especializada en la fabricación de piezas de precisión. La JV se centrará en la producción de componentes de precisión para servidores de IA y en el desarrollo de soluciones de refrigeración líquida.
La inversión inicial es de 9.8 millones de dólares, con MFH manteniendo un 51% de participación. La iniciativa tiene como objetivo establecer un centro de fabricación dirigido a los líderes globales en inteligencia artificial, conducción inteligente y tecnología portátil. El socio de la JV tiene una colaboración existente con una destacada empresa de servidores de IA, incluyendo la producción de muestras para proyectos de refrigeración líquida en curso.
Mercurity Fintech Holding (MFH)는 AI 하드웨어 지능형 제조 분야로 확장하기 위한 전략적 합작 투자 계약을 발표했습니다. 이 회사는 정밀 부품 제조에 특화된 하이테크 기업과 홍콩에서 JV를 형성하기 위한 조건서를 체결했습니다. JV는 AI 서버용 정밀 구성 요소 생산과 액체 냉각 솔루션 개발에 집중할 것입니다.
초기 투자 금액은 9.8 백만 달러이며, MFH가 51%의 지분을 보유하게 됩니다. 이 벤처의 목표는 인공지능, 스마트 드라이빙 및 웨어러블 기술의 글로벌 리더를 대상으로 하는 제조 허브를 구축하는 것입니다. JV 파트너는 기존의 AI 서버 기업과 협력하고 있으며, 액체 냉각 프로젝트에 대한 샘플 생산도 진행 중입니다.
Mercurity Fintech Holding (MFH) a annoncé un accord de coentreprise stratégique pour s'étendre dans la fabrication de matériel intelligent pour l'IA. L'entreprise a signé une feuille de conditions pour former une JV à Hong Kong avec une entreprise de haute technologie spécialisée dans la fabrication de pièces de précision. La JV se concentrera sur la production de composants de précision pour serveurs IA et le développement de solutions de refroidissement liquide.
L'investissement initial s'élève à 9,8 millions de dollars, MFH détenant une participation de 51%. Le projet vise à établir un pôle de fabrication ciblant les leaders mondiaux de l'intelligence artificielle, de la conduite intelligente et de la technologie portable. Le partenaire de la JV a une collaboration existante avec une entreprise de serveurs IA de premier plan, y compris la production d'échantillons pour des projets de refroidissement liquide en cours.
Mercurity Fintech Holding (MFH) hat eine strategische Joint-Venture-Vereinbarung angekündigt, um in die intelligente Herstellung von KI-Hardware einzutreten. Das Unternehmen hat ein Term Sheet unterzeichnet, um ein Joint Venture in Hongkong mit einem hochmodernen Unternehmen zu gründen, das auf die Herstellung von Präzisionsteilen spezialisiert ist. Das Joint Venture wird sich auf die Produktion von Präzisionskomponenten für KI-Server und die Entwicklung von Flüssigkeitskühlungslösungen konzentrieren.
Die anfängliche Investition beträgt 9,8 Millionen Dollar, wobei MFH einen 51%-Anteil hält. Das Ziel des Unternehmens ist es, ein Fertigungszentrum zu etablieren, das sich an globale Führungskräfte in der künstlichen Intelligenz, der intelligenten Mobilität und der tragbaren Technologie richtet. Der JV-Partner hat bereits eine Zusammenarbeit mit einem führenden KI-Server-Unternehmen, einschließlich laufender Musterproduktion für Flüssigkeitskühlprojekte.
- Strategic expansion into high-growth AI hardware manufacturing sector
- Secured 51% controlling stake in $9.8 million joint venture
- Partnership with established manufacturer having existing relationships with leading AI server companies
- Diversification into precision components and liquid cooling solutions for AI servers
- Term sheet is non-binding and subject to definitive agreements
- Significant capital commitment required in new, unproven business segment
Insights
New York, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (“Mercurity Fintech,” “the Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, today announced the signing of a term sheet with a high-tech enterprise specialized in the manufacturing and sale of precision fasteners, structural parts and other precision metal parts products for new energy vehicles and smart electronic devices. This collaboration aims to establish a strategic joint venture (the “JV”) in Hong Kong, focused on expanding into AI hardware intelligent manufacturing and supporting advanced cooling solutions for AI servers.
The term sheet sets forth the indicative material terms and conditions for the formation of the JV and is subject to the definitive agreements to be entered into by the parties. These terms are non-binding unless specifically stated otherwise, and the definitive agreements will include customary representations, warranties, and indemnifications for transactions of a similar nature and scale.
Key Highlights of the Joint Venture:
Expansion into AI Hardware Intelligent Manufacturing: The JV will focus on producing precision components and accessories tailored to the needs of global leaders in artificial intelligence, smart driving, and wearable technology, including leading AI server companies and technology companies. The JV’s establishment aligns with Mercurity Fintech’s strategic vision to diversify its business and enter the fast-growing AI hardware manufacturing sector.
Strategic Position with Cooling Systems: The JV aims to explore opportunities in advanced cooling solutions, which are critical for next-generation AI servers. Our JV partner has collaboration with the world leading AI server company, including recent requests to produce samples for liquid cooling projects, which highlights its proven capabilities in delivering advanced solutions.
Capital Contributions and Structure: The initial investment amounts to USD
Global Reach and Manufacturing Excellence: The JV envisions establishing a manufacturing hub to streamline operations and ensure the delivery of high-quality products to clients worldwide.
Enhanced Product Offering: In addition to liquid cooling systems, the JV will explore opportunities to manufacture sub-assemblies and precision parts for next-generation AI, automotive, and wearable technologies, diversifying its product portfolio and solidifying its market presence.
The joint venture will leverage the collaboration with the world leading AI server company to align with the increasing demand for efficient cooling technologies essential for advanced AI servers. Harnessing MFH's capabilities in international marketing and technological innovation, the JV is positioned to capitalize on growth opportunities across AI, automotive, and wearable technology markets. Its commitment to research and development ensures that the JV will deliver innovative, high-quality solutions tailored to meet evolving industry needs.
Shi Qiu, CEO of Mercurity Fintech, commented:
“This partnership represents a pivotal moment for Mercurity Fintech as we expand our business scope into the thriving AI hardware intelligent manufacturing sector. By combining our partner’s unparalleled expertise in precision engineering with Mercurity Fintech’s technological and operational acumen, we are poised to create a unique value proposition for global technology companies. Our JV partner’s collaboration with the world leading AI server company underscores the immense potential of this venture and our shared commitment to innovation.”
About Mercurity Fintech Holding Inc.
Mercurity Fintech Holding Inc. is a digital fintech company with subsidiaries specializing in distributed computing and digital consultation across North America and the Asia-Pacific region. Our focus is on delivering innovative financial solutions while adhering to principles of compliance, professionalism, and operational efficiency. Our aim is to contribute to the evolution of digital finance by providing secure and innovative financial services to individuals and businesses. And our dedication to compliance, professionalism, and operational excellence ensures that we remain a trusted partner in the rapidly transforming financial landscape. For more information, please visit the Company's website at https://mercurityfintech.com.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
For more information, please contact:
International Elite Capital Inc.
Vicky Chueng
Tel: +1(646) 866-7928
Email: mfhfintech@iecapitalusa.com
FAQ
What is the value and ownership structure of MFH's new AI hardware joint venture?
What products will MFH's new joint venture manufacture?
Where will MFH's new AI hardware manufacturing joint venture be located?
Who is MFH's partner in the AI hardware manufacturing joint venture?
What are the key target markets for MFH's new joint venture?
