Articles from Mercurity Fintech Holding Inc.

New York, March 12, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, today announced a strategic engagement with BitGo, a recognized leader in institutional digital asset custody. This collaboration reinforces MFH’s commitment to institutional-grade security, regulatory compliance, and investor protection as it expands its digital asset offerings.

New York, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, today announced an increase in institutional ownership, as reflected in recent SEC 13F filings, reinforcing MFH’s position as a vertically integrated innovator at the intersection of finance and technology.

New York, NY, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, today announced the formation of a majority-owned subsidiary in Hong Kong, Aifinity Base Limited ("Aifinity"). Aifinity plans to manufacture advanced liquid cooling panels specifically tailored for artificial intelligence (AI) infrastructure, high-performance computing (HPC), and more specifically, to improve the efficiency and performance of Nvidia® chip-powered GPUs and other high-performance AI accelerators.

New York, NY, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, today announced its inclusion in the FTSE Russell Microcap® Index, marking a significant milestone in the Company's growth trajectory.

New York, NY, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, is pleased to announce that effective February 1, 2025, Wilfred Daye will be joining MFH as Chief Strategy Officer and will also serve as the CEO of JVDA, LLC, a subsidiary of MFH and doing business as “Chaince Securities”. 

New York, NY, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, is pleased to announce the pricing of another private investment in public equity (the “PIPE”) financing. On January 9, 2025, the Company entered into a securities purchase agreement and priced the PIPE offering, pursuant to which it sold an aggregate of 1,370,000 ordinary shares to one institutional investor at a price of US$5.87 per share. The financing is priced at-the-market under Nasdaq rules, representing 100% of the closing price of the Company's shares on January 8, 2025. The offering resulted in total gross proceeds of approximately US$8,041,900 ("Gross Proceeds") before deducting fees and offering expenses payable by the Company.

New York, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, is pleased to announce the closing of a private investment in public equity (the “PIPE”) financing. On December 19, 2024, the Company entered into a securities purchase agreement and priced the PIPE offering, pursuant to which it sold an aggregate of 1,470,000 ordinary shares to one institutional investor at a price of US$6.81 per share. The financing is priced at-the-market under Nasdaq rules, representing 100% of the closing price of the Company’s shares on the last trading day prior to the agreement. The offering resulted in total gross proceeds of approximately US$10 million (“Gross Proceeds”), before deducting fees and offering expenses payable by the Company.

New York, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (“Mercurity Fintech,” “the Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, today announced the signing of a term sheet with a high-tech enterprise specialized in the manufacturing and sale of precision fasteners, structural parts and other precision metal parts products for new energy vehicles and smart electronic devices. This collaboration aims to establish a strategic joint venture (the “JV”) in Hong Kong, focused on expanding into AI hardware intelligent manufacturing and supporting advanced cooling solutions for AI servers.

Approval Marks a Key Milestone in Mercurity Fintech's Strategic Expansion Across Digital and Traditional Financial Services

New York, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (“Mercurity Fintech,” “the Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, today announced that its CEO, Shi Qiu, recently participated in the 4th Annual Nasdaq Small-Cap Forum. This virtual event brought together leaders from across the financial landscape to share insights on the most topical issues faced by small-cap companies in 2025.

New York, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, is pleased to announce that on November 30, 2023, it priced a private investment in public equity (“PIPE”) offering, through which it sold an aggregate of 14,251,781 units of its securities, each consisting of one (1) ordinary share and three (3) warrants, to one non-U.S. institutional investor at an offering price of $0.421 per unit, for the gross proceeds of $6 million (the "Gross Proceeds"), prior to the deduction of fees and offering expenses payable by the Company. The warrants are exercisable to purchase up to a total of 42,755,344 ordinary shares, for a period of three years commencing from November 30, 2023, at an exercise price of US$1.00 per ordinary share.

Hong Kong Digital Finance Initiative “Cyberport” Recognizes Mercurity Fintech Subsidiary Ucon Capital's Expertise and Capability by Granting an Approval to Join Its Prestigious Ranks

New York, May 25, 2023 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced the co-founding of “Fresh First, Inc.” (“Fresh First”) a same-day meat, produce and grocery delivery service targeting urban, working Americans in higher income brackets willing to pay for fresh, healthy ingredients and convenience.   With its unwavering commitment to enhancing the quality of life through time and cost savings enabled by digital convenience, MFH is now putting this mission to practice through Fresh First.

MFH takes aim at digital brokerage and wealth management services to reshape the global financial future for retail investors

New York, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group powered by blockchain technology, announced that it has entered into a Securities Purchase Agreement (“SPA”) with a non-U.S. investor (the “Purchaser”). Pursuant to the SPA dated January 31, 2023, the Company issued the Purchaser an Unsecured Convertible Promissory Note (the “Note”) with a face value of $9 million (the “Proceeds”) upon receiving the Proceeds from the Purchaser on February 2, 2023.

New York, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group powered by blockchain technology, announced today that the Board of Directors of the Company (the “Board”) approved to reverse the decision on the ADR Ratio Change (as defined below) and maintain the current ADR to ordinary share ratio at 1-to-360 until the cancellation of the ADR facility. Previously, the Board approved the proposals of the share consolidation to the authorized share capital (the “Share Consolidation”) at a ratio of one (1)-for-four hundred (400), with the par value of each ordinary share changed to US$0.004 per ordinary share, a mandatory exchange (the “Mandatory Exchange”) of all the ADRs to ordinary shares at the current ADR exchange ratio, and in connection therewith the Company will simultaneously change the ADR to ordinary share ratio from one (1)-to-three hundred and sixty (360) to one (1)-to-one (1) (the “ADR Ratio Change”). Today, the Board approved to reverse the decision on the ADR Ratio Change because such change will not be necessary for the Company’s efforts on the termination of the ADR facility and Share Consolidation.

New York, NY, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that, on December 29, 2022, the Company’s Board of Directors (the “Board”) has approved to proceed with: 1) the share consolidation and simultaneous change of the ADR ratio; 2) the transfer of the register of members of the Company; and 3) the termination of the deposit agreement.

New York, Dec. 27, 2022 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that on December 23, 2022, in connection with its private investment in public equity financing (the “PIPE”), it entered into a Securities Purchase Agreement (the “SPA”) with an accredited non-U.S. investor to offer and sell the Company’s units, each consisting of one ordinary share and three Warrants (each, a “Warrant” and collectively, the “Warrants”) for total gross proceeds of $5 million (the “Proceeds”). The closing of this third PIPE financing together with the consummation of the first and second PIPE financing would yield total gross proceeds of $13.15 million invested in the Company’s shares and warrants by third parties in the second half of 2022. The Company expects to use the net proceeds from the three rounds of PIPE financing to develop its Web3 and blockchain infrastructure, expand its consultation services, and pursue the licensure for cryptocurrency (“BitLicense”) from New York State Department of Financial Services although the Company cannot provide any assurance on actually obtaining the “BitLicense” in the near future or at all. 

New York, NY, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that, on December 15th, 2022, it entered into an asset purchase agreement (the “Agreement”) with Huangtong International Co., Ltd. (the “Huangtong International”), providing for the Company’s acquisition and purchase of Web3 decentralized storage infrastructure, including cryptocurrency mining servers, cables, and other electronic devices, for an aggregate consideration of  $5,980,000, payable in the Company’s ordinary shares. The investment is made with an aim to own mining machines capable of gathering, processing, and storing vast amounts of data, and to further solidify the Company as a pioneer in the creation of the Web3 framework.  

Shenzhen, China, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that on November 30, 2022, in connection with its private offering (the “PIPE”), it entered into a Securities Purchase Agreement (the “SPA”) with two investors to offer and sell the Company’s units, each consisting of one ordinary share and three warrants (each, a “Warrant” and collectively, the “Warrants”) for total gross proceeds of $5 million (the “Proceeds”). Net proceeds from the PIPE financing are expected to be used to advance the Company’s business development activities for working capital and other general corporate purposes.

Shenzhen, China, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company” or “MFH”) (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced the voting results from its Annual Shareholders Meeting held on Monday, November 21, 2022, Beijing Time (the “Meeting”).

Shenzhen, China, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that it has closed the Private Investment in Public Equity (“PIPE”) financing pursuant to the Securities Purchase Agreement (the “SPA”) and Warrant (each, a “Warrant” and collectively, the “Warrants”) with certain non-U.S. investors for gross proceeds of $3.15 million (the “Proceeds”). Net proceeds from the PIPE financing are expected to be used to advance the Company’s business development activities for working capital and other general corporate purposes. Among other purposes, the Company intends to use part of the Proceeds to grow its cryptocurrency consultation services in the U.S., including obtaining the “BitLicense” from New York State Department of Financial Services for digital currency related activities, although the Company cannot provide any assurance on actually obtaining the “BitLicense” in the near future or at all. “We believe that only by developing our business in compliance with the U.S. laws and regulations will we be able to have a sustainable and promising growth,” said the Chief Executive Officer of the Company Shi Qiu. 

Shenzhen, China, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that its Board of Directors (the “Board”) has appointed Alan Curtis, Daniel Kelly Kennedy, Zheng Cui, Qian Sun and Hui Cheng as new directors of the Company effective as of October 9, 2022, among whom Alan Curtis, Zheng Cui and Hui Cheng are deemed independent under Nasdaq Rule 5605(a)(2).

BEIJING, CHINA / ACCESSWIRE / April 14, 2021 / Mercurity Fintech Holding Inc. ("MFH" or the "Company") (NASDAQMFH), today announced that three investors, namely Kaiyu Chen, Baibang Technology Co., Ltd. and Le Chai Wow Group Holding Ltd, have agreed to purchase a total of 537,143,470 ordinary shares of the Company ("Ordinary Shares") and warrants to purchase up to 537,143,470 Ordinary Shares (the