Welcome to our dedicated page for Genius Group news (Ticker: GNS), a resource for investors and traders seeking the latest updates and insights on Genius Group stock.
Genius Group Limited (NYSE American: GNS) regularly publishes news that reflects its role as a Bitcoin-first, AI-powered education group. Company updates highlight developments across its Genius City model, Genius School initiatives, Genius Resorts, Bitcoin Treasury strategy and capital markets activity. For investors and observers following GNS, the news flow provides insight into how the group is building its education ecosystem and managing its balance sheet.
Recent announcements have covered agreements to develop Genius School and Genius City in Bali in partnership with Nuanu Creative City, including the acquisition of a majority stake in ProEd Global School and a joint venture to create PT Genius City. News releases describe the design and expansion of Genius City Bali, including the appointment of Inspiral Architects and the planned Learning Hub, Living Hub and Student Hub. Additional updates detail the acquisition of Lighthouse Studios and its planned relaunch as Genius Studios, which will support the production of AI-powered educational content.
Genius Group’s news also addresses its Bitcoin Treasury operations, such as sales and purchases of Bitcoin, realized profits from treasury transactions and related debt reduction. The company has reported on its Bitcoin Loyalty Payment program for shareholders and on share buybacks executed under a board-approved mandate. Capital markets news includes its intention to pursue a dual listing on the Australian Securities Exchange (ASX) and the appointment of legal advisors for this process.
Regulatory and legal developments are another recurring theme, including the filing of a class action complaint alleging market manipulation of GNS shares and updates on related legal strategies. Together, these news items provide a detailed picture of Genius Group’s operational projects, financial decisions and legal actions. Readers interested in GNS can use this page to review historical and ongoing announcements about the company’s education initiatives, Bitcoin-focused programs and corporate milestones.
Genius Group (NYSE: GNS) reported significant financial improvements in H1 2024, with net assets increasing 177% to $54.6 million from $19.7 million at end-2023. The company reduced its net loss per share by 74% to ($0.84) compared to ($3.20) in H1 2023. Revenue decreased to $4.9 million from $11.8 million due to spin-offs, while operating expenses reduced to $10.8 million from $15.4 million.
Total assets grew 81% to $78.3 million, and current assets increased 329% to $41.2 million. The company launched a Bitcoin-first strategy in H2 2024, investing $20 million to acquire 214 Bitcoin, and provided guidance of $75 million net asset value for full year 2024. Strategic initiatives included closing an $8.25 million public offering, launching AI-powered education platforms, and establishing Genius Cities in Singapore, Abu Dhabi, and Dubai.
Genius Group (NYSE American: GNS) announced an increase in its Bitcoin Treasury, purchasing an additional $2 million in Bitcoin, bringing the total to 214 Bitcoins at an average price of $93,586 per Bitcoin. This purchase is part of the company's Bitcoin-first strategy, committing 90% or more of its reserves to Bitcoin, with a target of $120 million.
The company is launching the Genius Bitcoin Academy and Genius Blockchain Academy in January 2025, offering microcourses, microdegrees, and certifications. A partnership with Applied Blockchain will introduce a new edtech platform with student credits linked to Bitcoin's Satoshis and certifications on the Lightning Network.
Genius Group is sponsoring several industry events, including the FutureFi Summit, Consensus Hong Kong, Bitcoin Investor Day, and Consensus Toronto. These initiatives aim to solidify its leadership as a Bitcoin-first, AI-powered education company while building its Bitcoin Treasury. The company is also exploring various sources of capital for further Bitcoin purchases.
Genius Group (NYSE American: GNS), a leading AI-powered, Bitcoin-first education group, announced an increase in its Bitcoin purchases for its Bitcoin Treasury by an additional $2.2 million, bringing its total to 191 Bitcoin valued at $18 million. The average price per Bitcoin was $92,728. The company had previously committed to holding 90% or more of its current and future reserves in Bitcoin, with a target of $120 million in Bitcoin. Following an initial purchase of $10 million in Bitcoin, Genius Group has been adding an average of $2 million per week over the past four weeks. An Investor Meeting will be held on December 10, 2024, at Bitcoin MENA 2024 in Abu Dhabi, where CEO Roger Hamilton will discuss the company's growth plans for 2025, including its 'Bitcoin-First' Treasury Strategy and its AI-powered decentralized education network, featuring on-chain GEMs, AI tutors, and AI Certifications built on the Lightning Network.
Genius Group (NYSE American: GNS) has acquired XD Academy, a Bitcoin and Blockchain Learning Platform originally launched as BitMEX Academy. The acquisition includes XD Academy's learning platform and courses, featuring content from notable experts like Saifedean Ammous and Arthur Hayes.
Following the acquisition, XD Academy CEO Lawrence Linker will collaborate with Genius Group to develop the Bitcoin Academy on the company's Edtech platform. The initiative will be part of an AI-powered 'Built on Bitcoin' decentralized education network, featuring on-chain GEMs, AI tutors, and AI Certifications built on the Lightning Network.
The company plans to showcase its offerings at Bitcoin MENA 2024 in Abu Dhabi and will host an Investor Meeting where CEO Roger Hamilton will make announcements regarding the Company's Bitcoin Treasury, Bitcoin Academy, Global Faculty, and Edtech Platform.
Genius Group (NYSE American: GNS) has announced its participation as a Moon Tier Sponsor in two major Bitcoin events: Bitcoin 2025 in Las Vegas (May 27-29, 2025) and Bitcoin MENA in Abu Dhabi (December 9-10, 2024). The company will be Title Sponsor of the Whale-Only DEEP Networking Lounge & Sessions Stage at Bitcoin 2025, which follows Bitcoin 2024's success with over 22,000 attendees.
As one of the first NYSE American-listed companies to launch a Bitcoin Treasury plan, Genius Group will showcase its Bitcoin-based education initiatives and AI-powered decentralized education network plan at these events. The company will host an Investor Meeting during Bitcoin MENA 2024, where CEO Roger Hamilton will present growth plans including the company's 'Bitcoin-First' Treasury Strategy and its AI-powered 'Built on Bitcoin' education network featuring on-chain GEMs and AI tutors.
Genius Group (NYSE American: GNS) has expanded its Bitcoin Treasury with an additional $1.8 million investment, bringing its total to 172 Bitcoin valued at $15.8 million, purchased at an average price of $92,006 per Bitcoin. This move follows the company's November 12 announcement of its 'Bitcoin-first' strategy, which commits to holding 90% or more of its reserves in Bitcoin, targeting $120 million. The company will host an Investor Meeting at Bitcoin MENA 2024 in Abu Dhabi on December 10, where CEO Roger Hamilton will discuss 2025 growth plans, including the Bitcoin-First Treasury Strategy and AI-powered decentralized education network built on the Lightning Network.
Genius Group (GNS) has increased its Bitcoin Treasury by purchasing an additional $4 million worth of Bitcoin, bringing its total holdings to 153 Bitcoin valued at $14 million, with an average price of $91,372 per Bitcoin. This follows the company's recent announcement of its 'Bitcoin-first' strategy, committing to hold 90% or more of its reserves in Bitcoin, with an initial target of $120 million. The company also unveiled a 10-step Bitcoin plan focusing on building a blockchain-first board, establishing strategic targets, and choosing appropriate jurisdictions and custodians. Genius Group aims to provide AI-powered, blockchain-based education preparing students for future digital economies.
Genius Group (NYSE American: GNS) released preliminary unaudited financial results for H1 2024, showing 130% pro forma revenue growth. The company reported H1 revenue of $13.2M compared to $11.8M in 2023, and pro forma revenue of $20.7M versus $9.0M in 2023. The adjusted EBITDA net loss improved to ($5.9M) from ($7.3M), while pro forma adjusted EBITDA loss decreased by 37% to ($4.6M). The results exclude FatBrain AI revenue prior to March transaction and 2023 figures include Entrepreneur Resorts , which was spun off. The company plans to provide detailed H1 results and guidance including their Bitcoin Treasury Plan after audit completion.
Genius Group (NYSE American: GNS) has announced the purchase of 110 Bitcoin for $10 million, at an average price of $90,932 per Bitcoin. This acquisition is part of the company's recently announced 'Bitcoin-first' strategy, which commits to holding 90% or more of current and future reserves in Bitcoin, targeting $120 million in total Bitcoin holdings. The company plans to host a Podcast as part of its Bitcoin & Blockchain Education Series, featuring CEO Roger Hamilton and Board Members Thomas Power & Ian Putter, to provide guidance to other companies considering Bitcoin as a Treasury Reserve.
Genius Group (NYSE American: GNS) has announced a new 'Bitcoin-first' strategy, committing to hold 90% or more of its reserves in Bitcoin. The company plans to utilize its $150 million ATM facility to acquire an initial $120 million in Bitcoin as its primary treasury reserve asset. The strategy includes launching a Web3 Wealth Renaissance education series and enabling Bitcoin payments on their Edtech platform. The company reports $23 million in audited annual revenue for 2023 and total assets of $43 million, while currently facing a market capitalization of $12 million. Genius Group has pending litigation against alleged market manipulators, with estimated damages over $250 million.