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BIGG Digital Assets Reports H1 2025 Results: Netcoins Growth Fuels Improved Financial Performance
Globenewswire· 2025-09-17 13:00
Core Insights - BIGG Digital Assets Inc. reported financial results for the first half of 2025, highlighting significant growth in revenue and improvements in net loss compared to the previous year [1][8][10] Financial Performance - Q2 2025 revenue reached CAD $2.66 million, an increase from CAD $2.40 million in Q2 2024 - H1 2025 revenue totaled CAD $5.38 million, compared to CAD $4.62 million in H1 2024 - Net loss narrowed to CAD $0.12 million in Q2 2025, a significant improvement from a CAD $5.01 million net loss in Q2 2024 - Loss per share improved to CAD $(0.01) from CAD $(0.05) in Q2 2024 [8][9] Business Segments - Netcoins, the regulated Canadian crypto trading platform, remains the primary revenue driver, with robust trading volumes and customer activity supported by product rollouts and new coin listings [4][9] - Blockchain Intelligence Group experienced steady revenue gains due to increasing global demand for regulatory and compliance solutions [5][9] - TerraZero, focused on immersive experiences and Web3 technology, completed the build of its proprietary technology platform, Intravese, aimed at democratizing the Metaverse [6][9] Market Position and Strategy - Netcoins is on track to process over CAD $1 billion in trading volume in 2025, more than doubling its 2024 performance [9] - The company is managing its operations with capital discipline as the immersive market develops, indicating a focus on sustainable growth [6][10] - The global customer base for Blockchain Intelligence Group continues to diversify, enhancing long-term revenue visibility [9]
BIGG Digital Assets provides Treasury and H1 2025 Update; Adds Jonathan Vlassopulos, former VP at Roblox and former CEO Napster, as Board Advisor
Globenewswire· 2025-07-29 12:30
Core Insights - BIGG Digital Assets Inc. is a leading innovator in the digital assets space, owning Netcoins, Blockchain Intelligence Group, and TerraZero, with a treasury of $24.9 million as of July 28, 2025, consisting of $6.3 million in cash and cash equivalents and $18.6 million in cryptocurrency, primarily Bitcoin [1][2][3] Group 1: Financial Performance and Outlook - Netcoins is projected to exceed $1 billion in total trading volume for 2025, with a target revenue of $12 million and expenses of $9 million [3][4] - The company has reported a trading volume of $556 million during the first half of 2025, indicating strong growth potential [2][3] - Blockchain Intelligence Group aims to achieve profitability in Q4 2025, having made significant progress in reducing operational costs and improving efficiencies [5] Group 2: Market Position and Strategy - BIGG/Netcoins will be the only publicly listed and audited Canadian crypto exchange following the acquisition of Wonderfi by Robinhood, presenting a significant opportunity to attract Canadian customers [4][16] - The company is launching a customer acquisition campaign to leverage its unique market position as a Canadian entity [4][16] Group 3: Technological Innovations and Developments - TerraZero has launched its Intraverse platform, targeting over 800 million young users familiar with platforms like Roblox and Fortnite, aiming to create immersive experiences [6][8] - The company is seeking major brand partners to enhance its commercial offerings, having previously collaborated with notable brands such as Bacardi and Estée Lauder [8][9] Group 4: Leadership and Advisory - Jonathan Vlassopulos, former Global Head of Music at Roblox, has joined as a Board Advisor to help scale the Intraverse platform, bringing extensive experience in immersive brand experiences [9][10][12]
TerraZero Technologies Launches Wave of Groundbreaking Artist Activations, Introducing New Firsts in Intraverse Music Experiences
Globenewswire· 2025-06-24 12:30
Core Viewpoint - BIGG Digital Assets Inc. is innovating in the digital assets space through its subsidiary TerraZero Technologies, which is redefining the role of artists in the digital age with its immersive platform, the Intraverse [1][6] Group 1: Company Overview - BIGG Digital Assets Inc. operates across three business segments: immersive metaverse experiences (TerraZero), a secure cryptocurrency trading platform (Netcoins), and advanced big data and blockchain technology solutions (Blockchain Intelligence Group) [8] - TerraZero Technologies is a leading Web3 technology company focused on creating immersive experiences and developing products with scalable commercial applications [9] Group 2: Intraverse Developments - The Intraverse is being utilized by various artists across genres, allowing them to connect with fans in innovative ways, transforming it into a living canvas for artistic expression [4][6] - Artists like FEELSOUL and OMOGO RELOADED are leveraging the Intraverse to enhance their missions and engage with their audiences [2][3] - The platform is designed to deepen the bond between artists and their communities through interactive experiences, exclusive content, and hidden features [4] Group 3: Future Prospects - The company plans to promote and release more Intraverse experiences featuring a diverse range of artists in the upcoming months, indicating a growing interest in the platform [5] - The President and COO of TerraZero Technologies emphasized that the Intraverse represents a significant shift in the industry, with artists pioneering new ways to connect and perform [6]
TerraZero Announces PlayStar Casino Intraverse Activation
Globenewswire· 2025-06-23 12:30
Core Insights - BIGG Digital Assets Inc. has launched a publicly accessible PlayStar activation within the Intraverse, enhancing its immersive virtual platform that connects artists, fans, and brands [1][2] - The activation allows users to enter a virtual PlayStar Casino space and sign up to play, generating revenue for the company through verified account sign-ups [2] - Several music artists are preparing to launch campaigns in the Intraverse, creating interconnected experiences that can drive organic traffic to the company's other offerings [3] Company Overview - BIGG Digital Assets operates across three segments: immersive metaverse experiences (TerraZero), a secure cryptocurrency trading platform (Netcoins), and advanced blockchain technology solutions (Blockchain Intelligence Group) [6] - TerraZero Technologies focuses on developing immersive experiences in the metaverse, offering brands digital real estate and private worlds for engagement [7] - Blockchain Intelligence Group specializes in digital asset forensics and anti-money laundering detection, providing risk management and due diligence services [8] - Netcoins facilitates secure crypto trading in Canada and the USA, offering over 50 assets and various trading options [9] Product Features - Users in the Intraverse receive customizable virtual apartments, allowing them to personalize their space with media and themes based on music genres [4] - The ongoing artist activations in the Intraverse are designed to enhance digital engagement and awareness of the platform [4] - The company encourages artists, brands, and creators to connect and expand their virtual presence through the Intraverse [5]
TerraZero Announces Intraverse AI Integration
Globenewswire· 2025-06-12 12:30
Core Insights - BIGG Digital Assets Inc. has launched AI integration into its TerraZero platform, introducing "Gigi," an AI guide for users in the Intraverse [1][3] - Gigi is a voice-operated assistant that enhances user interaction and experience within the immersive social gaming environment of the Intraverse [2][3] - The AI was developed in collaboration with TheHallway, Inc., focusing on creating a seamless user experience and supporting developers [4] Company Overview - BIGG Digital Assets operates in three segments: immersive metaverse experiences (TerraZero), a cryptocurrency trading platform (Netcoins), and blockchain technology solutions [6][8] - TerraZero aims to create engaging and intuitive 3D web experiences, facilitating connections between brands and users in virtual environments [3][8] - Netcoins provides secure cryptocurrency trading services in Canada and the USA, offering over 50 assets and various trading options [9] AI Integration and Development - Gigi is designed to assist users in navigating the Intraverse, providing real-time responses and guidance for creators, brands, and fans [2][5] - The AI will evolve as more users join the Intraverse ecosystem, becoming a central tool for ideation and campaign development [5] - The launch of Gigi marks the beginning of TerraZero's long-term AI strategy, focusing on enhancing user experiences through connected AI functionalities [5]
BIGG Digital Assets Inc. Reports Audited Financial Results for 2024
Globenewswire· 2025-05-01 01:42
Core Insights - BIGG Digital Assets Inc. reported a net loss of CAD 25.83 million for fiscal 2024, compared to CAD 11.07 million in 2023, with a normalized net loss of CAD 1.29 million before tax liabilities and goodwill impairment [3] - The company achieved gross operating revenue of CAD 12.43 million in 2024, a significant increase from CAD 6.5 million in 2023, driven primarily by Netcoins [4] - Netcoins revenues surged by 112% year-over-year to CAD 10.56 million, with a trading volume of CAD 831 million, while active users increased by 30% to approximately 42,406 [4][6] - Blockchain Intelligence Group's revenues rose by 11% year-over-year to CAD 1.67 million, although its margin rate decreased to 69% due to higher costs [4] - TerraZero generated CAD 0.2 million in revenue, focusing on the development of its Intraverse platform, which is expected to launch revenue-generating activities in fiscal 2025 [3][4] Financial Performance - The company recorded a tax liability provision of CAD 8.46 million related to a GST/HST reassessment by CRA, which it is contesting [4] - A goodwill impairment of CAD 16 million was recorded due to the acquisition of TerraZero, attributed to the nascent nature of the industry and lack of comparable companies [4] - As of December 31, 2024, BIGG's cash and crypto holdings were approximately CAD 25.1 million, with no debt [4] Business Developments - The launch of TerraZero's Intraverse platform is anticipated to generate revenues in fiscal 2025, targeting a young user base familiar with Web3 [3][8] - Blockchain Intelligence Group introduced two new products: TokenEyes, a consumer-focused security app, and QLUE Express, a streamlined investigative tool [7] - The company aims to integrate blockchain and crypto into the Intraverse platform, creating a creator economy and social network [8] Market Position - BIGG Digital Assets operates across three segments: immersive metaverse experiences (TerraZero), a cryptocurrency trading platform (Netcoins), and big data/blockchain technology solutions (Blockchain Intelligence Group) [9] - Netcoins currently has customer assets under custody of approximately CAD 174 million, with a treasury of fiat and crypto assets valued at around CAD 30 million [11]