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].

New York, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. ("Mercurity Fintech," "the Company," "we," "us," "our company," or "MFH") (NASDAQ:MFH), a digital fintech group, today announced the signing of a term sheet with a high-tech enterprise specialized in the manufacturing and sale of precision fasteners, structural parts and other precision metal parts products for new energy vehicles and smart electronic devices. This collaboration aims to establish a strategic joint venture (the "JV") ...

Core Insights - Mercurity Fintech Holding Inc. reported significant growth in GAAP revenue for the first half of 2024, reaching USD$517,177, which is an increase of 110.03% compared to USD$246,242 in the first half of 2023 [2] - The company experienced a reduction in GAAP gross loss, which decreased by 38.18% to USD$276,444 from USD$447,178 in the same period last year [2] - However, the GAAP net loss increased by 48.71%, amounting to USD$3,834,465 compared to a net loss of USD$2,578,541 in the first half of 2023 [2] Financial Performance - GAAP Revenue: USD$517,177 for H1 2024, up from USD$246,242 in H1 2023, reflecting a growth of 110.03% [2] - GAAP Gross Loss: USD$276,444 for H1 2024, down from USD$447,178 in H1 2023, indicating a decrease of 38.18% [2] - GAAP Net Loss: USD$3,834,465 for H1 2024, compared to USD$2,578,541 in H1 2023, showing an increase of 48.71% [2] 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 [4] - The company aims to provide innovative financial solutions while maintaining compliance, professionalism, and operational efficiency [4] - Mercurity is dedicated to contributing to the evolution of digital finance by offering secure and innovative financial services to both individuals and businesses [4]

Core Insights - Mercurity Fintech Holding Inc. announced that its subsidiary, Chaince Securities Inc., received approval from FINRA for the change in ownership of J.V. Delaney & Associates, a licensed broker-dealer established in 1982 [1][2] - The acquisition aims to integrate digital finance with traditional financial services, reflecting the company's strategic vision [2][4] - The approval is contingent upon meeting specific operational parameters and regulatory requirements, including the submission of the executed Membership Agreement to FINRA by December 13, 2024 [2][3] Company Overview - Mercurity Fintech Holding Inc. is a digital fintech company focused on delivering innovative financial solutions while adhering to compliance and operational efficiency [5] - Chaince Securities Inc., founded in 2023, serves clients in traditional financial and brokerage sectors and plans to expand its services through the acquisition of J.V. Delaney & Associates [6]

As filed with the Securities and Exchange Commission on August 7, 2024 Registration No. 333-272274 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Amendment No. 6 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MERCURITY FINTECH HOLDING INC. (Exact name of registrant as specified in its charter) Cayman Islands 6199 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer I ...

As filed with the Securities and Exchange Commission on May 31, 2024 Registration No. 333-272274 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Amendment No. 5 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MERCURITY FINTECH HOLDING INC. (Exact name of registrant as specified in its charter) Cayman Islands 6199 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Ide ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary Shares, par value US$0.004 per share MFH The Nasdaq Capital Market FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT ...

As filed with the Securities and Exchange Commission on March 20, 2024 Registration No. 333-272274 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Amendment No. 4 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MERCURITY FINTECH HOLDING INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Cayman Islands 6199 Not Applicable (I.R.S. Employer I ...

As filed with the Securities and Exchange Commission on January 19, 2024 MERCURITY FINTECH HOLDING INC. (Exact name of registrant as specified in its charter) Cayman Islands 6199 Not Applicable Registration No. 333-272274 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 (State or other jurisdiction of incorporation or organization) Amendment No. 3 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer ...

As filed with the Securities and Exchange Commission on November 13, 2023 Registration No. 333-272274 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Amendment No. 2 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MERCURITY FINTECH HOLDING INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Cayman Islands 6199 Not Applicable (I.R.S. Employe ...