Color Star Technology Co Stock Price, News & Analysis

ADD is the historical Nasdaq ticker for Color Star Technology Co., Ltd., an entertainment technology company that has focused on the application of technology and artificial intelligence in the entertainment industry and, more recently, on cryptocurrency mining. According to multiple company announcements, Color Star has described itself as a global entertainment technology company specializing in integrating artificial intelligence and technology into entertainment experiences, and later as an entertainment technology company with a global network that focuses on cryptocurrency mining and AI-driven applications in entertainment.

Based on shareholder approvals and subsequent corporate actions reported in SEC filings and press releases, Color Star has undertaken a significant transformation. At its annual general meeting held on June 29, 2025, shareholders approved a proposal to change the company name from Color Star Technology Co., Ltd. to Zeta Network Group, along with a reverse share split and related amendments to its memorandum and articles of association. A later press release dated August 20, 2025 states that the company will change its corporate name to Zeta Network Group, change its stock ticker symbol from ADD to ZNB, and effect a 25-for-1 reverse share split of its Class A and Class B ordinary shares. The company anticipates that its Class A ordinary shares will cease trading under the symbol ADD and begin trading under the new symbol ZNB on the Nasdaq Capital Market on August 22, 2025.

Color Star’s publicly described business has evolved. Earlier news releases characterize the company as a global entertainment technology company specializing in the integration of artificial intelligence and technology in the entertainment industry. These descriptions highlight areas such as AI-powered content creation, personalized recommendation algorithms, and immersive entertainment experiences that integrate VR/AR and AI. In a detailed discussion at the Davos World Economic Forum, a company executive described Color Star’s transformation from traditional offline entertainment to online entertainment, and its aim to build an AI-enhanced entertainment ecosystem that emphasizes personalized and immersive user experiences.

In 2025, Color Star announced a major step into cryptocurrency mining. A May 29, 2025 press release reports that the company deployed 10,000 Bitmain Antminer T21 rigs at a facility in Kazakhstan as part of its new cryptocurrency mining business. The same release notes that this deployment generated approximately 29 Bitcoins during its first month of operation in April and states that the company views itself as an emerging participant in the global Bitcoin mining landscape. A later 6-K filing dated August 6, 2025 describes a secured term loan and related security agreement with BTC KZ in connection with the acquisition and hosting of 10,000 cryptocurrency mining machines in Kazakhstan, further underscoring the company’s strategic focus on mining operations.

To support its evolving strategy and capital needs, the company has engaged in various financing activities documented in its SEC filings. A Form 6-K filed on September 27, 2024 describes securities purchase agreements with institutional investors for senior secured convertible notes and associated warrants, offered under an effective shelf registration statement on Form F-3. Subsequent 6-K filings in August 2025 describe a registered direct offering of Class A ordinary shares and warrants, lock-up agreements with officers, directors, and significant shareholders, and a waiver agreement with existing investors holding convertible notes. A Form 6-K dated September 4, 2025 details a payoff letter agreement under which outstanding convertible notes issued in January 2025 are fully settled through a one-time conversion into Class A ordinary shares at a fixed conversion price, after which the notes are deemed fully satisfied and related transaction documents are terminated.

Color Star has also used corporate actions to address Nasdaq listing requirements. Press releases dated November 13, 2024 and subsequent dates describe a 100-for-1 reverse share split of its Class A and Class B ordinary shares, effective November 15, 2024, and note that the company received Nasdaq notifications regarding minimum bid price deficiencies and later notifications that it had regained compliance with Nasdaq Listing Rule 5550(a)(2) after its Class A ordinary shares maintained a closing bid price of at least $1.00 per share for 10 consecutive business days. A December 5, 2024 release confirms that this bid price deficiency matter was closed following such compliance.

In addition to its technology and mining activities, Color Star’s news releases describe involvement in global entertainment and sports. A February 25, 2025 release reports that Color Star was invited to a World Boxing Council championship match in Riyadh, Saudi Arabia, describing the event as a major highlight of the international boxing season and noting the presence of prominent boxing officials and entertainment figures. The company characterizes itself in that release as being active in organizing and promoting sporting events and as seeking to deepen its partnership with the boxing world as part of its broader sports and entertainment focus.

The company’s governance and strategic relationships have also been highlighted. A December 24, 2024 press release announces that a member of a United Arab Emirates royal family joined Color Star as an independent director on the board of directors, and states that this appointment strengthens the company’s ties with the Middle East, particularly the UAE. The same release indicates that the company views this relationship as a way to support its planned investment and innovation in AI entertainment and related technologies, and to advance its globalization strategy.

Color Star’s regulatory and financial reporting obligations as a foreign private issuer are reflected in its recurring Form 6-K filings. A June 25, 2025 filing explains that the company is furnishing unaudited interim consolidated financial statements and an operating and financial review and prospects section, and that these materials are incorporated by reference into existing registration statements on Form S-8 and Form F-3. Another Form 6-K dated July 3, 2025 provides detailed results of matters submitted to a vote of security holders at the annual general meeting, including approval of the reverse share split and share consolidation, the name change to Zeta Network Group, amendments to the memorandum and articles of association, adoption of a 2025 Equity Incentive Plan, election and re-election of directors, ratification of the appointment of the independent registered public accounting firm, and authorization to make required corporate filings.

From the perspective of the historical ticker ADD, these developments mean that investors researching this symbol are primarily looking at the record of Color Star Technology Co., Ltd. as it transitioned toward operating under the name Zeta Network Group and prepared to trade under the new ticker symbol ZNB. The company’s disclosures emphasize its dual focus on AI-enabled entertainment technology and cryptocurrency mining, its use of equity and debt financing structures registered with the SEC, its efforts to maintain Nasdaq listing compliance, and its pursuit of international partnerships in entertainment, sports, and technology.

Business focus and strategic themes

Across its public communications, Color Star highlights several recurring themes:

• AI and entertainment technology: The company describes itself as integrating artificial intelligence into content production, user experience optimization, and entertainment interaction, including smart content creation, personalized recommendation algorithms, and immersive entertainment experiences that incorporate VR/AR and AI.
• Cryptocurrency mining operations: Press releases and SEC filings describe the acquisition and deployment of 10,000 cryptocurrency mining machines in Kazakhstan, the restructuring of consideration for that acquisition into a secured term loan, and the company’s characterization of itself as an emerging participant in Bitcoin mining.
• Capital markets activity: Registered offerings of shares and warrants, issuance and subsequent payoff of convertible notes, and reverse share splits are documented in Form 6-K filings and press releases, illustrating how the company has raised capital and managed its share structure.
• Global entertainment and partnerships: Participation in high-profile boxing events and the appointment of a UAE royal family member as an independent director are presented as part of the company’s efforts to build a global entertainment and AI-focused brand.

These elements form the core of the historical profile associated with the ADD ticker and provide context for understanding the company’s transition to operating as Zeta Network Group under a new trading symbol.