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Mercurity Fintech Holding Inc. Announces Strategic Engagement with BitGo for Institutional-Grade Custody Services
Newsfilter· 2025-03-12 08:00
Core Insights - Mercurity Fintech Holding Inc. (MFH) has announced a strategic engagement with BitGo to enhance its digital asset security and compliance framework [1][2][3] - The collaboration aims to provide access to BitGo's multi-signature wallets and institutional-grade custody solutions, which are utilized by industry leaders [2][4] - This partnership is a significant step in MFH's strategy to integrate traditional finance with blockchain technology while improving compliance standards [3][4] Company Overview - MFH is a digital fintech company focused on delivering innovative financial solutions while adhering to compliance and operational efficiency principles [6] - The company aims to contribute to the evolution of digital finance by providing secure financial services to individuals and businesses [6] BitGo Overview - BitGo is a leading regulated infrastructure provider of digital asset solutions, offering custody, wallets, and other services to institutional clients [7] - Founded in 2013, BitGo serves over 2,000 institutional clients across 90 countries, making it the largest independent digital asset custodian [7] Strategic Benefits - The engagement with BitGo is expected to enhance MFH's digital asset security, strengthen regulatory compliance, and boost investor credibility [4][5] - This collaboration is seen as a proactive approach to risk management and building investor confidence [4][5]
Mercurity Fintech Holding Inc. 宣布增加机构持股比例,强化增长战略
Globenewswire· 2025-02-27 23:00
Core Insights - Mercurity Fintech Holding Inc. (MFH) has announced an increase in institutional ownership, which will strengthen its position in the intersection of finance and technology [1][2] - The latest 13F report submitted to the SEC indicates that several institutional investors, including BlackRock, Millennium Management, Qube Research, Goldman Sachs, Point72 Asia, and UBS, have acquired shares of MFH [1] - CEO Shi Qiu expressed encouragement regarding institutional interest in MFH's strategic focus, highlighting the importance of regulatory-compliant blockchain integration and licensed financial services for scalable growth [2] Company Overview - Mercurity Fintech Holding Inc. is a digital fintech company with subsidiaries involved in distributed computing, business consulting, and financial brokerage [2] - The company is committed to compliance, innovation, and operational excellence, aiming to be a trusted partner in the evolving digital finance landscape [2]
Mercurity Fintech Holding Inc. Highlights Growing Institutional Ownership, Reinforcing Growth Strategy
GlobeNewswire News Room· 2025-02-27 09:00
Core Insights - Mercurity Fintech Holding Inc. (MFH) has seen an increase in institutional ownership, indicating strong interest from the investment community [1][2] - A diverse group of institutional investors, including major firms like BlackRock and Goldman Sachs, have acquired stakes in MFH, although specific investment intentions are not disclosed [2] - The CEO of MFH expressed optimism regarding institutional interest, highlighting the company's focus on regulatory-compliant blockchain integration and licensed financial services as key growth drivers [3] Company Overview - MFH is a digital fintech company with subsidiaries that specialize in distributed computing, business consulting, and financial brokerage [4] - The company emphasizes compliance, innovation, and operational excellence to maintain its position as a trusted partner in the evolving digital financial landscape [4]
MFH 控股子公司 Aifinity Base Limited 计划制造先进液体冷却解决方案,专为采用 Nvidia® 芯片的 AI 数据中心和高性能计算量身定制
Globenewswire· 2025-02-19 17:25
Core Viewpoint - Mercurity Fintech Holding Inc. has established a subsidiary, Aifinity Base Limited, in Hong Kong to focus on advanced liquid cooling solutions tailored for AI infrastructure and high-performance computing [1][3]. Group 1: Company Overview - Aifinity aims to address the increasing thermal management challenges faced by powerful AI systems by developing innovative liquid cooling technologies [1]. - The parent company, Mercurity Fintech Holding Inc., is a digital fintech firm involved in distributed computing, business consulting, and financial brokerage [3]. Group 2: Market Opportunities and Development Strategy - Aifinity recognizes unprecedented demand for advanced thermal management solutions due to exponential growth in AI computing capabilities and the rising prevalence of high-performance GPUs [3]. - The company plans to offer comprehensive solutions, including customized cooling solutions for various AI computing environments, integrated smart monitoring systems for optimal performance, and energy-efficient designs to significantly reduce operational costs [3]. - Aifinity intends to collaborate closely with major hardware manufacturers to develop optimized cooling solutions that meet the specific needs of next-generation AI infrastructure [3]. - The CEO of Mercurity Fintech Holding Inc., Shi Qiu, expressed the company's ambition to become a leader in thermal management innovation through the establishment of Aifinity [3].
MFH's Majority-Owned Subsidiary Aifinity Base Limited Plans to Manufacture Advanced Liquid Cooling Solutions for Nvidia® Chip-Powered AI Data Centers and High-Performance Computing
Newsfilter· 2025-02-19 09:00
Core Viewpoint - Mercurity Fintech Holding Inc. has established a majority-owned subsidiary, Aifinity Base Limited, in Hong Kong to manufacture advanced liquid cooling panels aimed at enhancing the efficiency of AI infrastructure and high-performance computing systems, particularly those utilizing Nvidia chip-powered GPUs [1][2]. Group 1: Company Overview - Mercurity Fintech Holding Inc. is a digital fintech company with subsidiaries focused on distributed computing, business consulting, and financial brokerage [4]. - The company emphasizes compliance, innovation, and operational excellence to maintain its status as a trusted partner in the evolving digital financial landscape [4]. Group 2: Aifinity's Strategic Focus - Aifinity Base Limited aims to tackle the challenge of heat management in powerful AI systems by developing innovative liquid cooling technology [2]. - The subsidiary plans to manufacture cooling panels that can effectively manage the heat generated by modern AI computing systems, with future aspirations to expand into comprehensive cooling solutions [2][3]. - Aifinity identifies a significant market opportunity due to the exponential growth in AI computing power and the increasing use of high-performance GPUs, leading to a heightened demand for advanced thermal management solutions [3]. Group 3: Future Plans and Innovations - Aifinity intends to provide customized cooling solutions for various AI computing environments, integrating smart monitoring systems for optimal performance and energy-efficient designs to lower operating costs [3]. - The company plans to collaborate with leading hardware manufacturers to develop optimized cooling solutions tailored to the needs of next-generation AI infrastructure [3].
MFH's Majority-Owned Subsidiary Aifinity Base Limited Plans to Manufacture Advanced Liquid Cooling Solutions for Nvidia® Chip-Powered AI Data Centers and High-Performance Computing
Globenewswire· 2025-02-19 09:00
Core Viewpoint - Mercurity Fintech Holding Inc. has established a majority-owned subsidiary, Aifinity Base Limited, in Hong Kong to manufacture advanced liquid cooling panels aimed at enhancing the efficiency of AI infrastructure and high-performance computing systems, particularly those utilizing Nvidia® chip-powered GPUs [1][2]. Group 1: Company Overview - Mercurity Fintech Holding Inc. is a digital fintech company with subsidiaries that specialize in distributed computing, business consulting, and financial brokerage [4]. - The company emphasizes compliance, innovation, and operational excellence to maintain its status as a trusted partner in the evolving digital financial landscape [4]. Group 2: Aifinity's Strategic Focus - Aifinity Base Limited aims to tackle the challenges of heat management in powerful AI systems by developing innovative liquid cooling technology [2]. - The subsidiary plans to manufacture cooling panels that can effectively manage the heat generated by modern AI computing systems, with future aspirations to expand into comprehensive cooling solutions [2][3]. - Aifinity recognizes the growing demand for advanced thermal management solutions due to the exponential growth in AI computing power and the adoption of high-performance GPUs [3]. Group 3: Market Opportunity and Growth Strategy - Aifinity intends to provide customized cooling solutions for various AI computing environments, integrated smart monitoring systems, and energy-efficient designs to reduce operating costs [3]. - The company plans to collaborate with leading hardware manufacturers to develop optimized cooling solutions tailored to the needs of next-generation AI infrastructure [3].
Mercurity Fintech Holding Inc. Officially Joins Russell Microcap® Index
Newsfilter· 2025-02-06 09:00
Core Insights - Mercurity Fintech Holding Inc. has been included in the FTSE Russell Microcap® Index, marking a significant milestone in its growth trajectory [1][2] - The inclusion enhances the company's visibility within the investment community and positions it among a select group of promising growth companies [2][3] - The company has observed increased passive equity holdings from major financial institutions such as BlackRock, UBS Group AG, and Citigroup, likely influenced by its inclusion in the index [2] Company Overview - Mercurity Fintech Holding Inc. operates as a digital fintech company with subsidiaries focused on distributed computing and financial brokerage [4] - The company is also involved in AI hardware technology, providing advanced solutions in intelligent manufacturing and liquid cooling systems [4] - The CEO emphasized that the inclusion in the Russell Microcap Index validates the company's strategic direction and highlights its growth in the AI hardware manufacturing sector [3] Future Outlook - Membership in the Russell Microcap Index is valid for one year and is subject to annual reconstitution based on market-capitalization rankings and style attributes [3] - The company anticipates that this achievement will open new opportunities for visibility and investment, contributing to its ongoing innovation and value delivery to shareholders [4]
Former Securitize Capital CEO Wilfred Daye Joins Mercurity Fintech as Chief Strategy Officer and Chaince Securities CEO
Newsfilter· 2025-01-31 13:00
Core Viewpoint - Mercurity Fintech Holding Inc. has appointed Wilfred Daye as Chief Strategy Officer and CEO of its subsidiary Chaince Securities, effective February 1, 2025, to drive strategic innovation and operational excellence [1][2] Group 1: Leadership and Roles - Wilfred Daye will focus on global expansion and digital asset adoption as Chief Strategy Officer at MFH, leveraging his strategic insight and market expertise [2][3] - As CEO of Chaince Securities, Daye aims to deliver tailored investment banking solutions to meet the needs of a dynamic market [2][3] Group 2: Experience and Background - Daye has over two decades of experience in structured credit trading and financial innovation, previously serving as CEO of Securitize Capital, where he led the tokenization of private equity assets for major firms [3][4] - His career includes significant roles at UBS, Deutsche Bank, and Barclays Capital, specializing in complex financial products and global credit [4] Group 3: Company Vision and Strategy - Daye expressed excitement about shaping the future of finance by combining technology and financial expertise, aiming to create lasting value for clients [5] - The CEO of MFH, Shi Qiu, emphasized the need for a leader who understands both traditional and digital finance, highlighting Daye's passion for financial innovation [5] Group 4: Company Overview - Mercurity Fintech Holding Inc. is a digital fintech company focused on delivering innovative financial solutions while maintaining compliance and operational efficiency across North America and the Asia-Pacific region [6]
Mercurity Fintech Holding Inc. Priced Additional $8 Million Private Placement Financing to Strengthen Its Business Development in AI Manufacturing Innovations
GlobeNewswire News Room· 2025-01-15 13:00
Core Viewpoint - Mercurity Fintech Holding Inc. has successfully priced a new PIPE financing, raising approximately US$8.04 million by selling 1,370,000 ordinary shares at US$5.87 per share, reflecting strong institutional confidence in the company's strategic direction [1][3][4]. Group 1: PIPE Financing Details - The PIPE financing was priced at-the-market, representing 100% of the closing price of the company's shares on January 8, 2025 [1]. - The financing is expected to close on or before January 17, 2025, subject to customary closing conditions [2]. - This new PIPE investment follows a previous successful PIPE offering of US$10 million on December 19, 2024, at a price of US$6.81 per share [3]. Group 2: Use of Proceeds and Strategic Vision - The company plans to utilize the funds from this latest PIPE to enhance its business in AI hardware intelligent manufacturing and advanced liquid cooling solutions [3][4]. - The CEO emphasized that the rapid succession of investments indicates growing confidence from the institutional investor in the company's vision and operational capabilities [4]. Group 3: Company Overview - Mercurity Fintech Holding Inc. operates as a digital fintech company with a focus on distributed computing and digital consultation across North America and the Asia-Pacific region [5]. - The company aims to provide innovative financial solutions while maintaining compliance, professionalism, and operational efficiency in the evolving digital finance landscape [5].
Mercurity Fintech Holding Inc. Announces Closing of $10 Million Private Placement Financing to Support Recent Expansion into AI Hardware Intelligent Manufacturing
Newsfilter· 2024-12-26 13:00
Company Overview - Mercurity Fintech Holding Inc. is a digital fintech group focused on delivering innovative financial solutions and services across North America and the Asia-Pacific region, emphasizing compliance, professionalism, and operational efficiency [10]. Recent Developments - The company successfully closed a private investment in public equity (PIPE) financing, selling 1,470,000 ordinary shares to an institutional investor at a price of US$6.81 per share, resulting in total gross proceeds of approximately US$10 million [5][9]. - The PIPE offering was priced at-the-market, representing 100% of the closing price of the company's shares on the last trading day prior to the agreement [5]. Strategic Initiatives - The net proceeds from the PIPE financing will be utilized to support strategic initiatives, including investments in AI hardware intelligent manufacturing and the development of advanced liquid cooling solutions, aimed at enhancing the efficiency and sustainability of AI-driven infrastructure [9]. - The funding is expected to strengthen the company's day-to-day operations and enable it to scale initiatives in response to the evolving demands of AI-powered industries [6].