NEW YORK, Dec. 05, 2024 — Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a blockchain-powered digital fintech group, today released its unaudited financial results for the six months ending June 30, 2024.
First Half 2024 Financial and Operating Highlights
- GAAP revenue for the first half of 2024 reached USD$517,177, a 110.03% increase from USD$246,242 in the first half of 2023, showcasing improved profitability and diversified revenue streams.
- The GAAP gross loss for the first half of 2024 was USD$276,444, a 38.18% decrease compared to USD$447,178 in the first half of 2023.
- The GAAP net loss for the first half of 2024 amounted to USD$3,834,465, a 48.71% increase from USD$2,578,541 in the first half of 2023.
Complete financial results are available in the Company’s filing.
About Mercurity Fintech Holding Inc.
Mercurity Fintech Holding Inc. is a digital fintech company with subsidiaries specializing in distributed computing and digital consulting across North America and the Asia-Pacific region. We provide innovative financial solutions while maintaining compliance, professionalism, and operational efficiency. Our goal is to advance digital finance by offering secure and innovative financial services to individuals and businesses. Our commitment to compliance, professionalism, and operational excellence ensures we remain a reliable partner in the evolving financial landscape.
Cautionary Statement Regarding Forward-Looking Statements
This report contains forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, concerning our plans, objectives, expectations, assumptions, or future events. These statements often include words like “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “we believe,” “we intend,” “may,” “should,” “could,” and similar terms. Actual results may differ significantly from those expressed or implied due to various factors, including those discussed below.
These forward-looking statements address: our business and operating strategies and plans for developing existing and new businesses, our ability to execute these strategies and plans, and anticipated timelines; changes in laws, regulations, government policies, incentives, taxation, and the regulatory and policy environment impacting our operations and the cryptocurrency and blockchain industry; our future business development, financial condition, and operating results; anticipated changes in our revenues, costs, or expenses; and general business, political, social, and economic conditions in mainland China and other international markets where we operate.
The accuracy of these forward-looking statements depends on numerous known and unknown risks and events. Many factors could cause our actual results to differ materially from those stated or implied. Therefore, you should not place undue reliance on these statements. These forward-looking statements are current only as of their date, and we are not obligated to update them unless required by law.
Furthermore, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those in any forward-looking statements. Readers are advised not to over-rely on these forward-looking statements, which are only valid as of today’s date. We do not commit to updating this forward-looking information. However, we reserve the right to provide updates periodically through press releases, periodic reports, or other public disclosures without specific reference to this interim report. Such updates do not imply that other unaddressed statements remain accurate or create an obligation to provide further updates.
CONTACTS
Mercurity Fintech Holding Inc.
Hoi Yi Xian
ir@mercurityfintech.com
Tel: + 1 646 283 7120
International Elite Capital Inc.
Vicky Cheung
Tel: +1(646) 866-7928
Email: mfhfintech@iecapitalusa.com
