Growth in ETH Holdings and Gains in Value
The company increased its holdings of ETH-based cryptocurrencies by 1,793 units since Q1 2025, with ETH prices rising by around 34% during the period, leading to a gain in fair value of cryptocurrencies of RMB 42.8 million or $6 million.
Strong Cash Position and Low Liabilities
As of June 30, 2025, the company had a strong cash position of $71.6 million, with current assets at $94.5 million and total liabilities of just $4.6 million.
Launch of New Products and Strategic Investments
The company launched new products, including six major Aleo mining series and the Goldshell Byte dual-mining machine, and invested $5.8 million in R&D to strengthen its technology leadership.
ETH Yield Generation Strategy
The company aims to optimize ETH acquisition and yield strategies, expecting an increased annualized yield on ETH holdings potentially as high as 10%.