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) reported its financial results for FY 2020, achieving total revenues of US$30.2 million, a 26.7% increase from US$23.8 million in 2019. The fourth quarter saw revenues surge over 70% to approximately US$20 million. The net income reached US$8.3 million, down from US$9.1 million in the previous year, attributed to higher income tax expenses. Gross profit was US$14.0 million, down from US$16.3 million. The company ended 2020 with US$15.8 million in cash and equivalents and has made strategic acquisitions to boost growth.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) will release its financial results for the year ended December 31, 2020, after the market closes on April 7, 2021. A conference call will follow on April 8, 2021, at 8:30 a.m. ET, where the results and company strategy will be discussed. Investors can access the call via a webcast, and a replay will be available soon after. Blue Hat specializes in augmented reality (AR) interactive entertainment games, toys, and educational materials, leveraging proprietary technology to enhance user experience.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced that it will release its financial results for the year ended December 31, 2020, before the market opens on April 1, 2021. A conference call discussing these results and the company's strategy will take place on April 6, 2021, at 8:30 a.m. ET. Blue Hat specializes in augmented reality interactive games and educational materials in China, aiming to enhance user experience through integrating real objects with digital environments.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a three-year framework agreement with Kingsoft Cloud (NASDAQ: KC) effective August 14, 2020. This partnership aims to enhance Blue Hat's Internet Data Center (IDC) business, which serves as a secure hosting infrastructure for enterprises. The agreement follows Blue Hat's acquisition of Xunpusen Technology, leveraging its mobile marketing expertise. CEO Xiaodong Chen expressed optimism about future growth and expanding their customer base in mobile and gaming sectors.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has signed a three-year agreement with Zhong Ya International Education Investment Co., Ltd. to provide Augmented Reality Immersive Classes (ARIC) across 680 kindergartens in Guangdong Province. This partnership will enhance Blue Hat's educational offerings by developing a STEAM-focused curriculum, improving teacher training, and enriching teaching resources. CEO Xiaodong Chen anticipates a significant revenue increase from interactive education in 2021 as the rollout of ARIC begins.
On February 4, 2021, Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced the successful closing of a registered direct offering. The company sold 7,160,000 ordinary shares at $1.06 each, generating total gross proceeds of $7,589,600. Additionally, unregistered warrants for 3,580,000 shares with an exercise price of $1.33 were issued. The proceeds will be allocated for general working capital purposes. The company's total outstanding shares post-offering now stand at 46,973,660.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a registered direct offering of 7,160,000 ordinary shares at $1.06 each, totaling $7.59 million in gross proceeds. The offering also includes unregistered warrants for an additional 3,580,000 shares at an exercise price of $1.33. The offering is set to close around February 3, 2021. Post-offering, there will be 46,973,660 shares outstanding. The company plans to utilize these funds for business expansion and strategic initiatives.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) reported preliminary unaudited financial results for Q4 2020, revealing a remarkable 70% revenue increase to approximately US$20 million, up from US$11.8 million in Q4 2019. This growth was largely attributed to the successful acquisition of Xunpusen Technology Co., Ltd., which bolstered the Company's new Internet Data Center (IDC) business. The official Q4 and full-year results are expected to be released in March 2021.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has completed the acquisition of 51% of Fuzhou Csfctech Co., Ltd. for RMB 51.2 million (approx. USD 7.77 million). Csfctech is known for its mobile games and has over 100 titles available on various platforms. The deal involves cash and newly issued shares, adhering to performance targets including RMB 15 million for 2020, which was achieved. The acquisition aims to enhance Blue Hat's interactive gaming portfolio and global reach.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has announced it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement. As of January 25, 2021, the company's ordinary shares had a closing bid price above the $1.00 minimum for 10 consecutive business days. Nasdaq has confirmed the matter is now closed. Blue Hat specializes in augmented reality (AR) entertainment games, toys, and educational materials, aiming to create engaging user experiences through innovative technology.