Beijing, Jan. 16, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQ:WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is working on a novel mixed byzantine fault tolerance (MBFT). MBFT has its origins in the PBFT algorithm, the first consensus algorithm used in the Union Blockchain, but in many ways, MBFT has improved and innovated. MBFT improves scalability while ensuring fault tolerance. It combines sharding and layerin ...

Beijing, Jan. 12, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQ:WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is working on employing Markov Chain Monte Carlo (MCMC) to blockchain storage. A new blockchain storage strategy is being proposed that reduces the block information in different nodes according to a stochastic algorithm. This blockchain secure storage strategy utilizes MCMC to improve blockchain data stor ...

Beijing, Jan. 10, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQ:WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is working on the optimization of a blockchain hash algorithm based on proactive re-configurable computing architecture (PRCA). PRCA is an operational mechanism based on multi-dimensional re-configurable functional structures, which centers on the execution structure of computation, and storage that change ...

Beijing, Jan. 08, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQ:WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that the probability of backtest overfitting algorithm (PBO) was used to blockchain and bitcoin trading strategies. PBO is computed based on the combinatorial symmetric cross-validation framework (CSCV) and is designed to quantify the risk of overfitting in small sample backtests. With PBO, it is possible to asses ...

Exhibit 99.1 | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------|--------------------------|----------------------| | UNAUDTED INTERIM CONDENSED CONSOLIDATED \nASSETS | BALANCE SHEETS December 31, 2022 \nRMB | June 30 2023 \nRMB | June 30 2023 \nUSD | | CURRENT ASSETS Cash and cash equivalents | 572,782,081 | 424,336,963 | 58,725,257 | | Shor ...

Exhibit 99.1 WiMi Files Its Annual Report on Form 20-F BEIJING, April 13, 2023/ - WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading hologram augmented reality ("AR") technology provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission (the "SEC"). The Company reported that its revenues are RMB 682.3 million (USD 98.0 million) for the year ended December 31, 2022. The Company's ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________ FORM 20-F ________________________________________ ☐ 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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPO ...