Intchains Group (ICG) Q1 2025 Earnings Call May 22, 2025 08:00 PM ET Company Participants Minty Wang - Head of Investor RelationsChaowei Yan - Chief Financial Officer Conference Call Participants Mark Palmer - Equity Research AnalystMatthew Galinko - SVP & Senior Research Analyst Operator Good day, ladies and gentlemen. Thank you for standing by, and welcome to Ink King's First Quarter twenty twenty five Earnings Conference Call. Today's call is being recorded. If you have any objections, you may disconnect ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 reached $18.2 million, representing a 78.5% quarter-over-quarter increase and exceeding previous guidance of $15 million to $16 million [6][12] - Gross margin improved significantly to 56.9%, up from 26.2% in the previous quarter, reflecting a 286.9% increase [7] - Operating income turned positive at $5.1 million, a recovery from the loss in Q4 2024 [7][13] - Net income was negative $4.7 million, impacted by a noncash revaluation loss of $9.8 million on cryptocurrency holdings [13][14] Business Line Data and Key Metrics Changes - The successful launch of the Allele miner series accounted for nearly 75% of total revenue in Q1 2025 [12] - Cost of revenue increased modestly from $7.5 million in Q4 to $7.9 million in Q1, growing at a lower pace than revenue due to higher margins from new miners [13] - The company continues to focus on product optimization and operational efficiency to maintain higher gross margins than industry averages [9] Market Data and Key Metrics Changes - The total market cap of cryptocurrency declined by 18% during the quarter, with significant price drops for Ether, Dogecoin, and Allele [6][11] - Despite market headwinds, the company maintained a steady pace of Ethereum accumulation, increasing holdings by over 23% to approximately 7,043 units [7][14] Company Strategy and Development Direction - The company aims to solidify its leadership in the home mining sector and plans to continue refining its mining products through technological upgrades [10][18] - A focus on innovation and operational excellence is central to the company's long-term value creation strategy [18] - The company is exploring new blockchain applications and anticipates potential catalysts such as interest rate cuts and regulatory support for crypto-linked ETFs [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market sentiment improving and the potential for revenue growth in Q2 and beyond [17] - The company projects revenue for the first half of 2025 to be approximately RMB 180 million to 200 million [17] - Management remains committed to a long-term Ethereum accumulation strategy despite current market volatility [16][17] Other Important Information - The company reported cash, cash equivalents, and short-term investments totaling $74.9 million as of March 31, 2025, an increase from the end of 2024 [14] - Total assets represented 147% of the company's market capitalization as of May 2025 [15] Q&A Session Summary Question: Future revenue mix with 75% from Allele miners - Management is optimistic about the future of Dogecoin and plans to continuously upgrade its Dogecoin miner program, aiming to become a top-tier supplier in the industry [22][24] Question: Potential of GoldShell Byte miner for revenue generation - The GoldShell Byte miner was designed to address the pain points of individual miners, allowing them to switch between cryptocurrencies easily, which could lower barriers to entry in the mining industry [26][27] Question: Expectations for inventory management - Management indicated that most inventory consists of both coin miners and Allele miners, and they will adjust pricing based on market conditions to sell inventory rather than write it off [34][35] Question: Feedback on GoldShell Byte from the market - The GoldShell Byte has received positive feedback from individual miners, and the company aims to attract new customers through this product while maintaining existing ones with professional miners [39][40] Question: R&D spending outlook - Management noted that while R&D spending is currently down, they cannot predict when it will increase again due to ongoing projects [48]

Core Viewpoint - Universal Digital Inc. has filed a preliminary prospectus for the launch of two new leveraged exchange-traded funds (ETFs) in partnership with LongPoint Asset Management, aimed at providing Canadian investors with amplified exposure to Coinbase and MicroStrategy [1][3][7] Group 1: ETF Details - The proposed ETFs are the LFG Daily (2X) COIN Long ETF (COIU ETF) and the LFG Daily (2X) MSTR Long ETF (MSTU ETF), designed to deliver twice the daily performance of Coinbase Global Inc. and MicroStrategy Inc., respectively [1][2] - Both ETFs will be structured as alternative mutual funds and are expected to be listed on the Toronto Stock Exchange (TSX) under the ticker symbols "COIU" and "MSTU" [2][4] - The ETFs are anticipated to be the first of their kind available for investors on a Canadian stock exchange, with significant existing investments in similar U.S. ETFs [4][5] Group 2: Partnership and Management - Universal Digital and LongPoint entered into a partnership agreement on May 21, 2025, to establish, operate, and market the ETFs in Canada, with LongPoint serving as the investment fund manager [3][5] - LongPoint brings over 70 years of combined expertise in the ETF market, focusing on compliance and operational management [10] Group 3: Market Context - There are currently over US$3.6 billion in assets invested in 2X long MSTR targeted ETFs and nearly US$850 million in 2X long COIN targeted ETFs in the U.S., indicating a strong market demand for such products [4]

Core Insights - HIVE Digital Technologies has achieved a record Bitcoin mining hashrate of 9.5 EH/s, positioning itself above 1% of the global Bitcoin network and aiming for 25 EH/s by the end of 2025 [3][4][5] Company Progress - The increase to 9.5 EH/s reflects HIVE's strategic victories, including the launch of a 100 MW hydro-powered data center in Paraguay, enabling the company to mine over 4.5 Bitcoin daily [4][5] - HIVE's operational excellence is demonstrated by an acceleration in hashrate growth, adding approximately 1 EH/s weekly, surpassing earlier projections [5] Future Plans - By June 2025, HIVE expects to reach 11.5 EH/s, completing the first phase of its expansion with improved energy efficiency [6] - The company plans to launch a second 100 MW facility in Yguazú by summer 2025, targeting 18 EH/s and aiming to capture 2% of the global Bitcoin network [7] - A third 100 MW campus in Valenzuela, Paraguay, is set to help HIVE achieve its 25 EH/s target by Q4 2025 [7] Leadership Statements - Frank Holmes, Co-Founder and Executive Chairman, emphasized the commitment to creating lasting shareholder value and the unprecedented pace of operational scaling [8] - Aydin Kilic, President and CEO, highlighted that reaching 9.5 EH/s reflects the company's strategic focus and positions it for further growth in Bitcoin mining rewards [9]

Company Overview - Oyster Enterprises II Acquisition Corp is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [2] - The company is focused on industries that align with the management team's background, including technology, media, entertainment, sports, consumer products, financial services, real estate, and hospitality [2] - Additionally, the company aims to pursue acquisition opportunities in AI companies and those within the digital assets and blockchain ecosystem [2] Management Team - The management team is led by Mario Zarazua, the Chief Executive Officer and Vice Chairman, and Heath Freeman, the Chairman [3] - The Board includes Divya Narendra, Lief Haniford, and Jordan Fliegel, with Randall D. Smith serving as an Advisor and Mike Rollins as the Chief Financial Officer [3] - BTIG, LLC is acting as the sole book-running manager for the offering [3] Initial Public Offering (IPO) Details - The company announced an upsized pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit [1] - The units are expected to be listed on the Nasdaq Global Market under the ticker symbol "OYSEU" and begin trading on May 22, 2025 [1] - Each unit consists of one Class A ordinary share and one right to receive one tenth of one Class A ordinary share upon the consummation of an initial business combination [1] - The offering is expected to close on May 23, 2025, subject to customary closing conditions [1] - The underwriters have been granted a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments [1]

Core Viewpoint - The 2025 Hainan Free Trade Port (FTP) promotion event in Dubai aims to enhance trade and investment liberalization, fostering high-level dialogue and practical cooperation between Hainan and the UAE [1][2]. Group 1: Event Overview - The event was jointly organized by the Hainan Provincial People's Government and the Chinese Embassy in the UAE, with support from CCPIT Hainan and CCOIC Hainan [2]. - The conference featured discussions on aligning UAE's financial liberalization and cross-border trade policies with the FTP, focusing on innovative cooperation in emerging fields like AI and blockchain [3]. Group 2: Agreements and Collaborations - Hainan signed four batches of agreements with institutions from the UAE, Saudi Arabia, and other countries, covering sectors such as new energy, free trade zone development, logistics parks, automotive trade, and headquarters base development [4]. - Hainan's leadership emphasized the FTP's framework of "zero tariffs, low tax rates, and a simplified tax system" to create a market-oriented and internationalized business environment [5]. Group 3: Strategic Goals - The Chinese Ambassador to the UAE highlighted that the FTP's open policies align with the UAE's 50-Year Development Plan, aiming to set a new benchmark for China-Middle East economic and trade cooperation [6]. - Hainan is intensifying efforts to establish independent customs operations by the end of 2025 as part of its FTP development strategy [6].

Austin, Texas, May 20, 2025 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE MedX Holdings, Inc. (OTC: MEDH) Reports Record Q1 2025 Revenue and Announces Strategic Milestones in Retail Technology, AI, and Cannabis Expansion Austin, TX – May 20, 2025 – MedX Holdings, Inc. (OTC: MEDH), the parent company of Lazydaze + Coffeeshop and Dazed Inc., announced its unaudited financial results for the first quarter of 2025 along with key strategic developments that continue to position the company as a leader in cannabis re ...

Core Viewpoint - Hyper Bit Technologies Ltd. has entered into a non-binding letter of intent to acquire Dogecoin Mining Technologies Corp., a company focused on Dogecoin and Litecoin mining operations, which positions Hyper Bit to enhance its market presence in the cryptocurrency mining sector [1][6]. Company Overview - Hyper Bit Technologies Ltd. is a diversified technology company specializing in crypto mining operations and blockchain innovations, aiming to unlock value in the digital asset ecosystem [14]. - Dogecoin Mining Technologies Corp. is a development-stage company focused on building scalable, high-performance mining operations for Dogecoin and Litecoin, with a strong emphasis on renewable energy [16][17]. Proposed Transaction Details - The proposed acquisition involves Hyper Bit issuing 15,000,000 common shares to Dogecoin Mining Technologies' shareholders at a deemed price of $0.30 per share, totaling a value of $4,500,000 [10]. - The share issuance will be subject to a tranche structure based on operational milestones, ensuring alignment with long-term growth objectives [12][13]. Infrastructure and Operations - Dogecoin Mining Technologies has secured a hardware supply agreement for up to 2,660 Elphapex ASIC rigs and a colocation agreement for a data center with access to 11 megawatts of renewable energy at a competitive rate below $0.07 per kilowatt-hour [2][4][16]. - The company is positioned to rapidly scale its mining operations upon securing the necessary capital resources, leveraging its infrastructure and operational expertise [17]. Strategic Importance - The acquisition is seen as a pivotal milestone for Hyper Bit, enhancing its strategic growth in the cryptocurrency mining sector and aiming for long-term value creation and profitability [6][9]. - Both companies express optimism about the potential of Dogecoin and Litecoin, citing their strong correlation with Bitcoin price trends and robust mining economics [9].

Core Viewpoint - WISeKey International Holding Ltd has announced the agenda items for approval by shareholders at its 2025 Annual General Meeting scheduled for June 19, 2025, in Zurich, Switzerland [1][2]. Group 1: Shareholder Meeting Details - The 2025 AGM will take place at 2:00 p.m. CEST on June 19, 2025, at the offices of Homburger AG in Zurich, Switzerland [1]. - Shareholders can attend the AGM in person or exercise their voting rights electronically or through written instructions to an independent voting rights representative [2]. Group 2: Key Agenda Items - Approval of the Annual Report 2024, including audited consolidated and statutory financial statements [5]. - Discharge of the Board and Executive Management for their activities during the financial year ended December 31, 2024 [5]. - Increase of the capital band by amending Article 4a of the Articles of Association, raising the upper limit from CHF 585,875.16 to CHF 636,095.10 [5]. - Increase of conditional share capital for convertible and similar financial instruments from CHF 31,917.40 to CHF 168,031.70 [5]. - Increase of conditional share capital for share-based compensation plans from 176,430 Class B Shares to 400,000 Class B Shares [5]. - Re-election of all eight current members of the Board of Directors for a term extending until the next AGM [5]. - Re-election of the Nomination & Compensation Committee and the statutory auditor [5]. Group 3: Company Overview - WISeKey is a global leader in cybersecurity, digital identity, and IoT solutions, operating through several subsidiaries focused on specific technology areas [3][4]. - The company has deployed over 1.6 billion microchips across various IoT sectors, playing a crucial role in securing the Internet of Everything [4].

Roseville, Minnesota, May 20, 2025 (GLOBE NEWSWIRE) -- SecureTech Innovations, Inc. (OTC: SCTH), an emerging leader in cybersecurity, Web3 solutions, and advanced security technologies, is pleased to share a comprehensive update on its strategic initiatives for 2025. Since joining the SecureTech team in January, President and CEO J. Scott Sitra has focused on advancing the key priorities outlined in SecureTech’s roadmap for innovation and growth. Each achieved strategic milestone increases underlying shareh ...