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MicroCloud Hologram Inc. Expects Net Profit for the First Half of 2025 to Exceed $33 Million
Globenewswireยท 2025-08-13 12:00
Financial Performance - MicroCloud Hologram Inc. anticipates a significant turnaround to profitability for the first half of 2025, expecting a net profit exceeding $33 million compared to a net loss of approximately $17 million in the same period of 2024 [1] - The anticipated profit for the first half of 2025 is expected to positively impact the company's full-year net profit for 2025 [1] Cash Reserves and Investment Strategy - The company currently holds a cash reserve of $421 million and plans to allocate up to $200 million for investments in Bitcoin and other cryptocurrencies, as well as related securities derivatives [2] - The realization of these investment returns is expected to validate the company's judgment of digital asset value and provide financial support for technology research and development [2] Technology Development Focus - MicroCloud is committed to providing leading holographic technology services, including high-precision holographic LiDAR solutions and holographic digital twin technology services [4] - The company plans to invest over $400 million in cutting-edge technology sectors, including Bitcoin-related blockchain, quantum computing, quantum holography, and artificial intelligence [4]