Breaking News: Mercurity Fintech Secures $10 Million in Private Funding to Fuel AI Hardware Expansion!

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.

Mercurity Fintech’s successful securing of $10 million in private funding is a significant milestone for the company, as it looks to fuel its AI hardware expansion. This investment will enable the company to further develop and enhance its artificial intelligence technologies, positioning it as a key player in the fintech industry.

With the growing demand for advanced technological solutions in the financial sector, Mercurity Fintech’s focus on AI hardware expansion is a strategic move that will not only benefit the company but also revolutionize the way financial services are delivered to customers.

How This Will Affect Me:

As a consumer of financial services, the impact of Mercurity Fintech’s AI hardware expansion can lead to more efficient and personalized solutions for your financial needs. With the integration of advanced technologies, you can expect a smoother and more secure experience when managing your finances.

How This Will Affect the World:

The advancement of AI hardware in the fintech industry has the potential to transform the way financial services are accessed and utilized globally. This innovation can drive greater financial inclusion, improved efficiency, and enhanced security in financial transactions, ultimately shaping the future of finance on a global scale.

Conclusion:

Mercurity Fintech’s successful private funding round marks a significant step towards accelerating its AI hardware expansion. This strategic move not only benefits the company but also has the potential to revolutionize the financial services industry and drive global innovation in fintech. As we witness the evolution of AI technologies in finance, we can expect a more efficient, secure, and personalized experience for consumers worldwide.