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Mercurity Fintech Holding ( (MFH) ) has issued an announcement.
Mercurity Fintech Holding Inc. announced a strategic joint venture with a high-tech enterprise to expand into AI hardware intelligent manufacturing and support liquid cooling solutions for AI servers. The collaboration, focused on Hong Kong, involves a $9.8 million investment, with Mercurity holding a 51% stake. This venture seeks to diversify Mercurity’s business into the AI hardware sector, aligning with the company’s strategic vision and leveraging its partner’s expertise in precision engineering and cooling solutions. The joint venture aims to capitalize on growth opportunities in AI, automotive, and wearable technology markets, emphasizing research, development, and global market presence.
More about Mercurity Fintech Holding
Mercurity Fintech Holding Inc. is a digital fintech company with subsidiaries focusing on distributed computing and digital consultation across North America and the Asia-Pacific region. It emphasizes innovative financial solutions, compliance, professionalism, and operational efficiency, aiming to advance digital finance by providing secure financial services.
YTD Price Performance: 150.0%
Average Trading Volume: 356,045
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $395.3M
Learn more about MFH stock on TipRanks’ Stock Analysis page.
