Core Viewpoint - Nature's Miracle Holding Inc. is diversifying its portfolio by acquiring a 90% equity interest in J&Y Marigold Ltd., which is developing a Bitcoin mining facility with a total anticipated power load of 14 megawatts [1][3]. Acquisition Details - The acquisition involves a total purchase price of up to $5.32 million, with phase I (9 MW) expected to close in Q1 2025 and phase II (5 MW) in Q2 2025 [2]. - Upon completion, the Bitcoin mining facility is projected to be operational in the first half of 2025 [2][3]. Strategic Importance - This acquisition is seen as a transformative step for the company, allowing it to expand beyond its core focus on agriculture technologies and solidify its presence in the cryptocurrency industry [3]. - The global cryptocurrency market is experiencing significant growth, driven by increased adoption and institutional interest, making Bitcoin mining a critical component for network security and economic opportunities [3]. Company Background - Nature's Miracle is an agriculture technology company that provides products and services in the Controlled Environment Agriculture (CEA) industry and has recently ventured into electric vehicle and Bitcoin businesses [4].

ONTARIO, Calif., Dec. 3, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, announced today that Daphne Y. Huang has been appointed Chief Financial Officer and George Yutuc, has stepped down from serving as Chief Financial Officer (CFO) and will now serve as the Company's Chief Operating Officer (COO). These strategic leadership appointments aim to advance the Company's long-term growth strategy ...

Upon Completion of the Investment, this facility will have a 50MW capacity for Bitcoin Mining ONTARIO, Calif., Nov. 25, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), announced today it has formed NM Data Inc., a Nevada Corporation and 100% subsidiary, to develop and acquire Bitcoin mining facilities. NM Data has signed an agreement to invest up to $3 million in Future Tech Incorporated ("Future Tech"), an Ohio-based company, to develop and build up ...

Core Viewpoint - Nature's Miracle Holding Inc. has announced a debt-to-equity conversion agreement that will reduce its debt by $2.0 million and increase stockholder equity by the same amount, aligning management interests with shareholders [1][3]. Group 1: Debt Conversion Details - The company management and other debt holders have signed agreements to convert $2.0 million of debt into equity at a price of $0.088 per share, based on the closing price on November 19, 2024 [1]. - James Li, Chairman and CEO, is converting $577,000 of his personal loans into equity, demonstrating commitment to the company's future [2]. - Jonathan Zhang, President, is converting outstanding trade payables due to Uninet Inc. into equity, further supporting the debt reduction strategy [2]. Group 2: Company Overview - Nature's Miracle is a leader in vertical farming technology and infrastructure, providing equipment and services to the Controlled Environment Agriculture (CEA) industry, including vertical farming in North America [4]. - The company offers hardware for designing, building, and operating indoor growing environments, including greenhouses and indoor spaces, through its subsidiaries [4].

NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), on November 12, 2024 closed its previously announced underwritten public offering of (a) 25,133,631 units (the "Units"), with each Unit consisting of (i) one share of common stock, par value $0.0001 per share (the "Common Stock"), (ii) one Series A Warrant to purchase one share of Common Stock (the "Series A Warrant"), and (iii) one Series B Warrant to purchase such number of share ...

ONTARIO, Calif., Nov. 19, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, today announced that on November 21, 2024, effective at 12:01 a.m. Eastern Time, it will effectuate a 1-for-30 reverse split of its common stock. The Company's common stock will begin trading on a split-adjusted basis when the market opens on November 21, 2024, under its current trading symbol "NMHI". The new CUSIP numb ...

Core Insights - Nature's Miracle Holding Inc. reported a revenue growth of 13.5% to $3.1 million in Q3 2024 compared to $2.7 million in Q3 2023, driven by increased demand and new product introductions [2][5] - The company experienced a net loss of $2.8 million in Q3 2024, a significant increase from a net loss of $0.4 million in the same period last year, attributed to higher operating expenses and stock compensation [9][14] - Management expressed optimism about operational progress and liquidity improvements following a $3 million equity raise, alongside plans to enter the electric vehicle market with a partnership with Robostreet [3][4] Financial Performance - Revenue for Q3 2024 was $3.1 million, up from $2.7 million in Q3 2023, reflecting a 13.5% increase due to rising customer demand and an expanded sales team [2][5] - Gross profit increased to $228,113 in Q3 2024, with a gross margin of 7.5%, up from $158,768 and 5.9% in Q3 2023, driven by a shift to premium products and favorable supplier conditions [7][14] - Operating expenses rose to $2.2 million in Q3 2024 from $0.6 million in Q3 2023, primarily due to costs associated with being a public company [8][14] Operational Developments - The company completed $2.1 million in debt reduction through a forgiveness agreement, enhancing its shareholder equity position [2] - Nature's Miracle launched a subsidiary, NM Rebate Inc., to support its energy rebate financing segment and announced an order for 150 electric trucks to convert into mobile vertical farms [4] - A record purchase order of $2.4 million for Efinity LED grow lights was received from a top indoor grower, indicating strong demand for its products [2][4] Market Position and Strategy - Nature's Miracle is focusing on the Controlled Environment Agriculture industry and plans to diversify its revenue streams by entering the electric vehicle market [3] - The company aims to market and distribute electric-powered agriculture vehicles in the U.S. and South America, aligning with current market trends [3] - The establishment of a manufacturing footprint in North America, including a grow-light assembly plant in Manitoba, Canada, supports its growth strategy [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ to __________ COMMISSION FILE NUMBER 001-41977 NATURE'S MIRACLE HOLDING INC. (Exact name of registrant as specified in its charter) | --- | --- ...

ONTARIO, Calif., Nov. 8, 2024 /PRNewswire/ -- Nature's Miracle Holdings Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, today announced the pricing of a public offering of (a) 24,137,360 units (the "Units"), with each Unit consisting of (i) one share of common stock, par value $0.0001 per share (the "Common Stock"), (ii) one Series A Warrant to purchase one share of Common Stock (the "Series A Warrant"), and (iii) one Series B Warrant to ...

Subsidiary Hydroman, Inc. to Become Hydroman Electric Corporation to Align with New BusinessONTARIO, Calif., Nov. 7, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, today announced that its 100% owned subsidiary Hydroman, Inc. will become Hydroman Electric Corporation ("Hydroman Electric").  In conjunction with this update, Hydroman Electric will launch a new business and strategic pivot focu ...