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X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global leader in providing technology solutions and services across diverse industries. Headquartered in Singapore, X3 Holdings operates in four main business segments: digital technologies, renewable energy, cryptomining operations, and agriculture technologies. The company leverages cutting-edge innovations to deliver comprehensive solutions that drive value and efficiency for its global clientele.
Recently, X3 Holdings has significantly expanded its cryptomining operations by deploying 2,000 bitcoin mining machines in Central Asia, achieving a hash rate of 0.28EH/s. This facility, powered by renewable energy, exemplifies the company's commitment to sustainable growth. The strategic move is expected to bolster their mining capabilities and environmental sustainability.
In addition, X3 Holdings has entered into a multi-year hosting agreement with a premier bitcoin mining facility, aiming for a combined hash rate of 1.4EH/s by 2025. This expansion underscores the company's strategy to enhance its capacity using cost-effective, renewable energy sources.
On the digital front, X3 Holdings has launched an innovative AI and metaverse-based air cargo management platform. This groundbreaking platform employs AI, IoT, and digital twinning to transform airport operations, enhancing precision and efficiency in global trade. Currently operational on ten international routes, the platform is setting a new benchmark in the industry.
Moreover, X3 Holdings has signed a term sheet for purchasing 30,000 next-generation Avalon bitcoin miners by 2026. These miners are known for their exceptional energy efficiency and performance, positioning X3 Holdings at the forefront of the cryptomining sector.
In the semiconductor industry, X3 Holdings has partnered with a leading provider of semiconductor modules to develop a digital trade platform. This platform uses big data, AI, cloud computing, and blockchain technologies to optimize supply chain operations, boosting transparency and efficiency.
Despite recent challenges, including a notification from Nasdaq about non-compliance with the minimum bid price requirement, X3 Holdings remains proactive. The company is exploring various measures to improve its financial standing and regain compliance, ensuring continued growth and stability.
For more information, please visit the X3 Holdings website.
X3 Holdings (Nasdaq: XTKG) announced that all resolutions presented at its November 4, 2024 Annual General Meeting were approved. The company will implement a Share Consolidation to regain compliance with Nasdaq's minimum price requirement (Rule 5550(a)(2)). Following the consolidation, shareholders' ownership percentages will remain largely unchanged, with fractional shares rounded up to one ordinary share. No action is required from shareholders holding shares in electronic form at brokerage firms, as changes will be automatically reflected in their accounts.
X3 Holdings Co., (Nasdaq: XTKG), a global digital solutions and technology services provider, has received a 180-day extension from Nasdaq to regain compliance with the minimum $1.00 bid price requirement for continued listing on the Nasdaq Capital Market. The new deadline is April 7, 2025. To comply, XTKG's closing bid price must be at least $1.00 for a minimum of 10 consecutive business days before the deadline.
The company plans to monitor its closing bid price and effectuate a reverse stock split, subject to shareholder approval at the annual general meeting on November 4, 2024. XTKG expects these actions will help address the short-term adverse effects on its trading price and cure the deficiency. The extension does not immediately impact XTKG's listing, trading operations, or ordinary shares, which continue to trade on Nasdaq under the ticker 'XTKG'.
X3 Holdings Co., (Nasdaq: XTKG) is set to acquire Xpic Games Co., , marking its entry into the high-growth digital game market. This strategic move aligns with X3 Holdings' goal to expand in the rapidly growing game service industry. Xpic Games brings expertise in game design, development, publishing, and services for both mobile and PC platforms.
The acquisition will leverage Xpic Games' AI-integrated development and operations platform, enabling efficient creation of quality games across various genres. Xpic Games has established partnerships with leading publishing and distribution channels in key markets, providing access to diverse gamer communities. Their integrated business model demonstrates adaptability to market trends using AI and data-driven strategies.
X3 Holdings' CEO, Stewart Lor, expects this acquisition to accelerate expansion into digital entertainment, projecting net profits to exceed $5 million within two years.
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