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Mercurity Fintech Holding Inc. (MFH) delivers innovative financial solutions through blockchain technology and AI hardware development. This news hub provides investors and industry observers with timely updates on strategic initiatives across digital asset management, regulatory milestones, and emerging technology ventures.
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Regular updates on key business areas including blockchain platform enhancements, brokerage service authorizations, and thermal management solutions for AI infrastructure. Find verified information on partnership announcements, operational updates, and technology deployments that shape MFH's market position.
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Mercurity Fintech Holding Inc. (MFH) has announced the pricing of a new private investment in public equity (PIPE) financing, selling 1,370,000 ordinary shares to an institutional investor at US$5.87 per share. The at-market pricing resulted in gross proceeds of approximately US$8,041,900.
This PIPE follows a previous US$10 million offering closed on December 19, 2024, at US$6.81 per share with the same institutional investor. The company plans to use the new funding to develop its business in AI hardware intelligent manufacturing and advanced liquid cooling solutions. The closing is expected on or before January 17, 2025, subject to customary conditions.
Mercurity Fintech Holding (MFH) has successfully closed a $10 million private placement (PIPE) financing on December 23, 2024. The company sold 1,470,000 ordinary shares to one institutional investor at $6.81 per share, priced at-the-market under Nasdaq rules.
The net proceeds will support MFH's strategic initiatives, particularly its recent expansion into AI hardware intelligent manufacturing and development of advanced liquid cooling solutions. These investments aim to enhance the efficiency and sustainability of AI-driven infrastructure, while supporting ongoing operating expenses.
CEO Shi Qiu highlighted that the institutional backing at full market price demonstrates confidence in the company's direction and its commitment to technological innovation in AI-powered industries.
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 (MFH) reported its unaudited financial results for H1 2024. The company's GAAP revenue increased by 110.03% to $517,177, compared to $246,242 in H1 2023. While the gross loss decreased by 38.18% to $276,444 from $447,178 in the previous year, the GAAP net loss increased by 48.71% to $3,834,465, up from $2,578,541 in H1 2023.
Mercurity Fintech Holding (Nasdaq: MFH) announced that its subsidiary, Chaince Securities, has received FINRA approval for the ownership transfer of J.V. Delaney & Associates, a licensed broker-dealer established in 1982. The approval, granted under FINRA Rule 1017, allows Chaince Securities to proceed with acquiring 100% ownership, subject to meeting specific requirements by December 13, 2024. The approved business activities include corporate equity securities retailing, best efforts underwriting, U.S. government securities brokerage, and private placements. Municipal securities brokerage and mutual fund retailing activities have been removed from JVDA's Membership Agreement.
Mercurity Fintech Holding (Nasdaq: MFH) announced CEO Shi Qiu's participation in the 4th Annual Nasdaq Small-Cap Forum, a virtual event focusing on challenges faced by small-cap companies in 2025. The CEO emphasized that the forum provided valuable insights aligning with the company's strategic growth plans, particularly in digital investor outreach and corporate governance. The event covered key themes including investor targeting, capital market dynamics, and governance practices, while addressing macroeconomic challenges like interest rate volatility and cost pressures.
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