Welcome to our dedicated page for Blue Hat Interactive Entmt Tec news (Ticker: BHAT), a resource for investors and traders seeking the latest updates and insights on Blue Hat Interactive Entmt Tec stock.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) generates news that reflects its ongoing transformation into a gold-focused commodity trading and technology company. Historically active in AR interactive entertainment and communication services, Blue Hat’s recent announcements concentrate on physical gold acquisitions, trading volumes, and strategic moves in the precious metals sector.
News updates highlight the company’s procurement and holding of substantial physical gold, including a reported 1-ton position and additional purchases through share-settled gold purchase agreements. Releases also describe completed gold trading volumes in the hundreds of kilograms, illustrating how Blue Hat combines long-term gold holdings with active trading operations and related services.
Investors following BHAT news will find disclosures about the establishment of a Malaysian subsidiary in Penang to support expansion into the Southeast Asian gold market, as well as the development of a gold trading network spanning Hong Kong and Southeast Asia. Articles also cover the company’s cooperation with Axis Capital Group on a gold Real World Asset tokenization project, which aims to digitize fully reserved gold on blockchain infrastructure.
Regulatory and corporate developments are another key theme in Blue Hat’s news flow. The company has reported a 1-for-100 reverse stock split, Nasdaq minimum bid price compliance updates, adoption of a 2025 Equity Incentive Plan, governance changes such as the resignation of a director and joint CEO, and shareholder approvals for a merger with Lanjin Technology Co., LTD and share consolidations. For readers tracking BHAT, this news page aggregates these operational, strategic, and capital market updates in one place.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced that its subsidiary, Xunpusen Technology Co., Ltd., has signed an agreement to provide SMS channel services for JD Cloud, a major cloud computing provider in China. Xunpusen will own the network SMS channel port and supply the necessary technology and support services to JD Cloud. This agreement will be effective until May 25, 2022. CEO Xiaodong Chen expressed optimism about the partnership, highlighting Blue Hat's growing momentum in the SMS service market.
On July 21, 2021, Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a partnership with Tencent QQ to develop two toy products featuring QQ emoji branding. The QQ Emoji Gyro Inertial Mystery Box is now available for purchase, while the QQ Emoji Bubble Sticks are set to launch soon. CEO Xiaodong Chen expressed enthusiasm for the collaboration and future product developments. The partnership highlights Blue Hat's focus on integrating popular IP into their offerings, potentially enhancing market presence in China's toy and entertainment sectors.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a new partnership for its subsidiary, Xunpusen Technology, with a top Chinese e-commerce brand to enhance server hosting and broadband services. This move aligns with China's rapid IDC market growth, driven by increased online activities. In Q1 2021, Blue Hat saw revenue from communication services reach US$5.37 million, nearly matching the previous year's total. Xunpusen plans to expand from over 200 to 1,000 data cabinets to meet rising digital demand.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced on June 23, 2021, that it received a notification from Nasdaq regarding non-compliance with minimum bid price requirements, as its closing bid price has been below $1.00 for 30 consecutive trading days. The company has until December 15, 2021, to regain compliance to avoid potential delisting. During this period, shares will continue to trade on the Nasdaq Capital Market, and the company plans to monitor its share price closely.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has completed a registered direct offering, selling 6,290,000 ordinary shares at $0.90 each, generating total gross proceeds of approximately $5.66 million. Following this offering, the company has 53,417,200 shares outstanding. Additionally, unregistered warrants for 4,088,500 shares at an exercise price of $1.12 have been issued. The net proceeds of about $5.23 million will be allocated for working capital and general corporate purposes.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a securities purchase agreement with two institutional investors for the sale of 6,290,000 ordinary shares at $0.90 per share, generating gross proceeds of $5,661,000. The offering includes unregistered warrants to purchase 4,088,500 shares at an exercise price of $1.12, expiring in three years. The transactions are expected to close around May 10, 2021. Following the offering, the total number of ordinary shares outstanding will be 53,417,200.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) reported significant growth for Q1 2021, with total revenues of US$9.9 million, up 343.1% year-over-year from US$2.2 million. This increase was driven by acquisitions and strong sales across mobile games and communication services. Gross profit reached US$4.1 million, a 143.8% increase, while net income rose to US$1.2 million, up 62.0%. As of March 31, 2021, cash and equivalents stood at US$14.7 million.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a three-year curriculum cooperation agreement with urban partnerships in five cities for their new AR+ series curriculum. This initiative follows the successful launch of immersive AR courses over the past six months. Blue Hat has secured cash deposits ranging from RMB20,000 to RMB50,000 from each partner city to implement these courses in 70 schools in 2021, with plans to expand to about 150 schools. The CEO expressed optimism about the urban partnership model enhancing their market reach and growth opportunities.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) reported preliminary revenue of RMB23.0 million (approximately US$3.53 million) from its subsidiary, Csfctech, year-to-date, indicating steady growth since acquisition closure. Revenue breakdown shows 71% from self-developed games and 19% from joint operations. The core game, War of Fishing Kings, has over 3.0 million users with an 11% payment penetration. The company plans to enhance operations and introduce new RPG games, expecting further growth in their mobile games business.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has reported achieving a total transaction volume of RMB31 million (approximately US$4.77 million) through direct deals with China's top three mobile operators. This achievement is primarily attributed to an agreement signed with China Mobile for Telecom value-added services, contributing significantly to the transaction volume. CEO Xiaodong Chen expressed optimism about the future of their cooperation and indicated potential for further growth and stable profits as they continue to explore new opportunities.