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MFH

Mercurity Fintech Holding Inc.

MFH

Mercurity Fintech Holding Inc. • NASDAQ
$9.72 ▼ -7.16% (-0.75)
Market Cap $671.43 M
52w High $36.77
52w Low $1.38
Dividend Yield 0%
P/E -121.5
Volume 268.64K
Outstanding Shares 69.08M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $490.252K ▼ $647.347K ▼ $-699.931K ▲ -142.77% ▲ $-0.009 ▲ $-1.145M ▼
Q2-2024 $517.178K ▲ $3.594M ▼ $-3.834M ▲ -741.421% ▲ $-0.084 ▲ $-968.986K ▲
Q4-2023 $199.686K ▼ $5.958M ▲ $-6.779M ▼ -3.395K% ▼ $-0.14 ▼ $-5.891M ▼
Q2-2023 $246.242K ▲ $1.563M ▲ $-2.579M ▼ -1.047K% ▲ $-0.06 ▲ $-1.402M ▲
Q4-2022 $80.348K $1.234M $-988.766K -1.231K% $-0.062 $-4.08M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $24.874M ▲ $35.691M ▲ $11.602M ▲ $24.089M ▲
Q2-2024 $15.079M ▼ $25.763M ▼ $10.988M ▼ $14.775M ▼
Q4-2023 $18.437M ▲ $30.395M ▲ $12.562M ▲ $17.833M ▼
Q2-2023 $15.883M ▲ $30.079M ▲ $11.053M ▲ $19.026M ▲
Q4-2022 $7.447M $18.893M $2.064M $16.829M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-699.931K ▲ $-2.836M ▼ $2.173M ▲ $10.461M ▲ $9.798M ▲ $-2.386M ▼
Q2-2024 $-3.834M ▲ $-1.668M ▼ $1.621M ▲ $-1.95M ▼ $-2M ▼ $-1.191M ▲
Q4-2023 $-6.779M ▼ $-1.28M ▲ $-2.179M ▲ $6M ▼ $2.541M ▼ $-1.284M ▲
Q2-2023 $-2.579M ▼ $-1.51M ▼ $-5.66M ▼ $13.3M ▲ $3.065M ▲ $-4.51M ▼
Q4-2022 $-988.766K $-1.498M $936.712K $7.9M $0 $-1.505M

Five-Year Company Overview

Income Statement

Income Statement The income statement shows essentially no meaningful revenue for several years, alongside recurring, though relatively small, losses. This suggests the business has been in a long transition or build‑out phase rather than operating as a mature, revenue‑generating firm. The pattern is typical of a company still trying to commercialize its strategy, with expenses running ahead of any clear top‑line traction. The large swings in per‑share results largely reflect changes in share count and structure rather than a shift in underlying business scale.

Balance Sheet

Balance Sheet The balance sheet is very small, with limited assets and cash and only modest equity. Debt exists but is also small in absolute terms, so leverage risk is more about fragility of the whole capital base than heavy borrowing. Overall, this looks like a thinly capitalized company with constrained financial resources. It does not have the kind of balance‑sheet strength that would easily support large, lengthy projects without new funding, so future growth plans likely depend on access to external capital or partners.

Cash Flow

Cash Flow Cash flow from operations has been essentially flat and not meaningfully positive, which is consistent with a company that has not yet reached commercial scale. Free cash flow has dipped into negative territory at times, but without significant spending on physical assets. That implies cash has mainly gone toward operating costs, development, and perhaps corporate restructuring rather than big capital projects. The business model so far has not generated self‑funding cash flows; it appears reliant on outside financing or equity issuance to sustain and grow its activities.

Competitive Edge

Competitive Edge Competitively, the company is trying to position itself at the crossroads of digital assets, AI infrastructure, and traditional capital markets under the Chaince Digital brand. Its regulated broker‑dealer license in the U.S. is an important differentiator, as regulatory status can be a real barrier to entry and a source of trust. The combination of tokenization services, digital‑asset infrastructure, and traditional investment banking gives it a differentiated, “bridge” positioning between old and new finance. However, the firm is very small relative to global fintech, crypto, and AI players. Its competitive story leans more on vision, regulatory foothold, and partnerships than on proven market share, so execution and scaling are key uncertainties.

Innovation and R&D

Innovation and R&D Innovation is where the company’s narrative is strongest. It is focusing on three main fronts: blockchain‑based tokenization and on‑chain financial solutions; crypto‑related infrastructure such as mining; and AI and high‑performance computing infrastructure, including advanced cooling systems for data centers. On top of this, the planned gigafactory partnership in the U.S. for precision components aims to tie into the broader AI and semiconductor supply chain. Together, these initiatives show a high level of technological ambition and a willingness to operate at the frontier of finance and computing. At the same time, many of these projects appear early‑stage or contingent on future agreements and funding, so the gap between concept and commercial scale remains a major risk factor.

Summary

Overall, MFH (now Chaince Digital) looks like a very early‑stage or transition‑stage platform with an ambitious strategy but a very small financial base and no established revenue stream yet. The company is attempting to build a niche at the intersection of regulated finance, digital assets, and AI infrastructure, supported by a broker‑dealer license and strategic partnerships. If it can successfully execute on tokenization offerings, AI data‑center solutions, and the proposed U.S. manufacturing project, its profile could change meaningfully. However, the current financial statements point to limited resources, a lack of demonstrated operating scale, and a heavy reliance on future execution and external capital. The story is therefore highly innovative but also highly uncertain, with outcomes likely to be very sensitive to regulation, partner follow‑through, and market adoption of its new platforms.

NEWS

November 12, 2025 · 9:00 AM UTC

Mercurity Fintech to Rebrand as Chaince Digital Holdings Inc.: New Name, Ticker Symbol "CD" and Website to Launch November 13, 2025

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November 10, 2025 · 9:00 AM UTC

Mercurity Fintech Holding Inc. Added to the MSCI Global Small Cap Indexes

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October 29, 2025 · 9:00 AM UTC

Chaince Securities Engaged as Strategic Advisor to Nasdaq-Listed SKK Holdings to Drive Tokenization and Digital Asset Treasury Strategy

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October 23, 2025 · 9:00 AM UTC

Mercurity Fintech Chief Strategy Officer Highlights Digital Asset Treasury Solutions at European Blockchain Convention 11

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October 9, 2025 · 9:00 AM UTC

Mercurity Fintech Announces Uplisting from the Nasdaq Capital Market to the Nasdaq Global Market

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