Announcement • May 01
BTC Digital Ltd. announced delayed 20-F filing On 04/30/2026, BTC Digital Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Jan 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$12.4m market cap). Reported Earnings • Nov 14
First half 2025 earnings released: US$0.68 loss per share (vs US$0.57 loss in 1H 2024) First half 2025 results: US$0.68 loss per share (further deteriorated from US$0.57 loss in 1H 2024). Revenue: US$5.73m (up 15% from 1H 2024). Net loss: US$4.84m (loss widened 238% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Announcement • Jul 17
BTC Digital Ltd. has completed a Follow-on Equity Offering in the amount of $6 million. BTC Digital Ltd. has completed a Follow-on Equity Offering in the amount of $6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: $3
Discount Per Security: $0.21
Transaction Features: Registered Direct Offering Announcement • Jul 16
BTC Digital Ltd. has filed a Follow-on Equity Offering. BTC Digital Ltd. has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Security Name: Pre-funded Warrants
Security Type: Equity Warrant
Transaction Features: Registered Direct Offering New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (188% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$1.1m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$28.2m market cap). Announcement • Jul 08
Btc Digital Ltd. Announces Major Milestone on Georgia 20 Mw Mining Project and Introduces Advanced Liquid-Cooling Technology for the First Time BTC Digital Ltd. announced that its 20 MW large-scale cryptocurrency mining project in Georgia has reached a significant milestone, marking a major step forward in efficiency, sustainability and intelligent operations. Air-Cooling System Progressing on Schedule: BTCT has formalized agreements with key contractors and equipment suppliers to advance its 9 MW air-cooling solution. Preparatory work is underway, and deployment of the air-cooled infrastructure is expected to commence in October 2025, laying a solid foundation for the project's rapid operational rollout. Parallel Introduction of Industry-Leading Liquid-Cooling Technology: In a first for BTCT's Georgia facility, the Company will integrate an advanced liquid-cooling system alongside its air-cooled setup: In-House R&D & Strategic Partnerships: BTCT has developed proprietary liquid-cooling components and entered into a strategic alliance with a top-tier liquid-cooling supplier. Enhanced Efficiency & Reliability: Liquid cooling is projected to dramatically lowerPower Usage Effectiveness (PUE), increase hash-rate density, and improve operational stability compared with traditional air-cooling. Conccurrent Deployment Plan: Installation and testing of the liquid-cooling equipment will run in parallel with the air-cooling build-out to ensure seamless, full-system activation. Driving Green Mining for a Sustainable Future: BTCT remains committed to embedding environmental stewardship into its mining infrastructure: Energy Optimization: Liquid-cooling will substantially improve energy utilization and heat dissipation, lowering per-unit hashrate costs. Carbon Reduction: The project is designed to minimize onsite greenhouse gas emissions and move BTCT closer to its carbon-neutral objectives. Value Creation: Enhanced capacity and reliability will generate long-term value for shareholders and investors while setting a sustainability benchmark for the industry. Reported Earnings • May 02
Full year 2024 earnings released: US$0.66 loss per share (vs US$1.89 loss in FY 2023) Full year 2024 results: US$0.66 loss per share (improved from US$1.89 loss in FY 2023). Revenue: US$11.7m (up 29% from FY 2023). Net loss: US$1.99m (loss narrowed 30% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Announcement • Dec 08
BTC Digital Ltd. has completed a Follow-on Equity Offering in the amount of $20 million. BTC Digital Ltd. has completed a Follow-on Equity Offering in the amount of $20 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,500,000
Price\Range: $8
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 2,500,000 Announcement • Dec 06
BTC Digital Ltd. has filed a Follow-on Equity Offering. BTC Digital Ltd. has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock Reported Earnings • Nov 17
Third quarter 2024 earnings released: US$0.21 loss per share (vs US$0.49 loss in 3Q 2023) Third quarter 2024 results: US$0.21 loss per share (improved from US$0.49 loss in 3Q 2023). Revenue: US$2.56m (up 186% from 3Q 2023). Net loss: US$571.0k (loss narrowed 33% from 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. New Risk • Nov 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Market cap is less than US$10m (US$4.78m market cap). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$1.9m net loss in 2 years). New Risk • Sep 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Market cap is less than US$10m (US$3.84m market cap). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$1.9m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Aug 16
Second quarter 2024 earnings released: US$0.27 loss per share (vs US$0.10 loss in 2Q 2023) Second quarter 2024 results: US$0.27 loss per share (further deteriorated from US$0.10 loss in 2Q 2023). Revenue: US$2.33m (down 64% from 2Q 2023). Net loss: US$704.0k (loss widened 422% from 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Announcement • Jul 12
BTC Digital Ltd., Annual General Meeting, Jul 31, 2024 BTC Digital Ltd., Annual General Meeting, Jul 31, 2024, at 09:30 China Standard Time. Location: 1306, 13th floor, xuesong dasha building, b, no. 52 tairan, 6th road, futian district, guangdong province, shenzhen China Board Change • Jul 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Founder, CEO & Director Siguang Peng is the most experienced director on the board, commencing their role in 2006. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
BTC Digital Ltd. announced delayed annual 10-K filing On 04/01/2024, BTC Digital Ltd. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Jan 29
BTC Digital Ltd. Announces Launch of Ethereum (ETH) Staking Services BTC Digital Ltd. announced the launch of its Ethereum (ETH) staking services for its customers. This new venture marks a significant expansion for BTC Digital beyond its core Bitcoin mining operations, extending into transaction validation on the Ethereum blockchain. The move aligns with the Company's strategic objectives to diversify income sources by participating in the Ethereum's validator rewards program. Key features of BTC Digital's ETH staking services include: Asset custody provided by Matrixport Technologies Ltd. ("Matrixport"): BTC Digital's collaboration with Matrixport aims to provide secure and reliable asset custody, offering ETH staking services clients peace of mind and safeguarding of their Ethereum holdings. Diversification and profitability: BTC Digital's diversification into Ethereum staking aims to create additional revenue to the Company in addition to maintaining its commitment to the Bitcoin ecosystem. Enhanced returns: Through participation in Ethereum's validator rewards program, BTC Digital hopes to increase its overall profitability and return on investment. The launch of the ETH staking service represents a significant milestone for BTC Digital, expanding its horizons in the evolving cryptocurrency landscape. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to US$5.76, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 46x in the Software industry in the US. Total loss to shareholders of 100% over the past three years. Announcement • Dec 26
BTC Digital Ltd. announced that it expects to receive $1.014287 million in funding BTC Digital Ltd announced that it has entered into subscription agreements for a private placement to issue 303,497 ordinary shares par value $0.06 per share at a issue price $3.342 per share for total gross proceeds of $1,014,286.974 on December 26, 2023. The transaction included participation from three individual investors. The company expects the transactions contemplated by the Subscription Agreements to close on or about January 3, 2024. Announcement • Dec 14
BTC Digital Ltd. Announces Directorate Changes On December 30, 2023, Mr. Jishuang Zhao, the chairman of the board of directors of BTC Digital Ltd., a company formed in the Cayman Islands (the “Company”), and a member and the chairman of the compensation committee and the nominating and corporate governance committee of the Company’s board of directors, notified the Company of his resignation from the board of directors of the Company and from the compensation committee and the nominating and corporate governance committee of the Company’s board of directors, effective December 10, 2023. Mr. Jishuang Zhao’s resignation from the Company’s board of directors was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. On December 1, 2023, the Company’s board of directors appointed Mr. Xu Peng as a director of the Company, the chairman of the Company’s board of directors, and a member and chairman of the compensation committee and the nominating and corporate governance committee of the board of directors, effective December 11, 2023. The appointment intends to fill the vacancy created by Mr. Jishuang Zhao’s departure. Mr. Xu Peng, age 43, has served as the chairman of the Company’s board of directors since December 2023. Mr. Xu Peng served as the president of Hailuoda International Consulting Services Co. Ltd. in People’s Republic of China (the “PRC”), a company engaged in overseas trade and investment promotion in Hainan, the PRC, from July 2019 to November 2023, where he was overseeing and managing the overall operations of the company. From August 2012 to June 2019, Mr. Peng served as the president at Ziyou Emotional Intelligence Education Consulting Co. Ltd., an education services provider targeted at children and youth, where he was overseeing and managing the overall operations of the company. Mr. Peng obtained a bachelor’s degree in computer science from College of Applied Arts and Science of Beijing Union University in the PRC in 2003. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to US$3.81, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 18x in the Consumer Services industry in the US. Total loss to shareholders of 100% over the past three years. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 122% After last week's 122% share price gain to US$4.30, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 18x in the Consumer Services industry in the US. Total loss to shareholders of 100% over the past three years. New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Shareholders have been substantially diluted in the past year (126% increase in shares outstanding). Market cap is less than US$10m (US$5.47m market cap). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Announcement • Sep 13
BTC Digital Regains Compliance with Nasdaq Minimum Bid Price Requirement BTC Digital Ltd. (" BTC Digital" or the "Company") announced that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") on September 8, 2023, notifying the Company that it has regained compliance with the Nasdaq's minimum bid price requirement and the matter is closed. As previously disclosed, the Company received a deficiency letter from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") on September 16, 2022, indicating that the Company was not in compliance with Nasdaq Rule 5550(a)(2) (the "Bid Price Rule"), as the closing bid price for the Company's ordinary shares had been below $1.00 per share for the preceding 30 consecutive business days. In accordance with the Nasdaq Listing Rules, the Company was provided two 180-day compliance periods, or until September 11, 2023, to regain compliance with the Bid Price Rule. On September 8, 2023, the Company received a written notification from the Staff of Nasdaq, noting that the Company evidenced a closing bid price of its ordinary shares at or greater than the $1.00 per share minimum requirement for the preceding 10 consecutive business days, from August 24, 2023 through September 7, 2023, and informing the Company that it has regained compliance with the Bid Price Rule and the matter is closed. Announcement • Aug 08
Meten Holding Group Ltd. announced that it expects to receive $1 million in funding Meten Holding Group Ltd. announced that it has entered into entered into subscription agreements with two foreign investors, including an institutional investor, Future Satoshi Ltd, and an individual investor, for the issue and sale of 4,000,000 ordinary shares at an issue price of $0.25 per share for the gross proceeds of $1,000,000 on August 7, 2023. The transaction is expected to close on August 16, 2023. Announcement • Jul 25
Meten Holding Group Ltd., Annual General Meeting, Aug 10, 2023 Meten Holding Group Ltd., Annual General Meeting, Aug 10, 2023, at 09:30 Eastern Standard Time. Location: 3rd Floor, Times Fortune Building 88 Fuhua 3rd Road, Futian District Shenzhen City Guangdong Province China Agenda: To consider the share consolidation proposal; to consider name change proposal; to consider auditor ratification proposal; and to transact such other business. Reported Earnings • Mar 17
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥1.52 (up from CN¥28.19 loss in FY 2021). Revenue: CN¥81.6m (down 89% from FY 2021). Net income: CN¥20.8m (up CN¥405.1m from FY 2021). Profit margin: 26% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 23%. Earnings per share (EPS) exceeded analyst estimates. Announcement • Feb 09
Meten Holding Group Ltd. Announces introducing ChatGPT to its Under-Construction Web3 Education Platform Meten Holding Group Ltd. announced that the Company intends to introduce ChatGPT to its under-construction Web 3 education platform. Relying on and benefiting from ChatGPT, the Company intends to launch interactive teaching courses simulating real human interaction on the under-construction Web3 platform. The Company believes that with the use of ChatGPT, the Company's operation costs associated with running this platform will be controlled at a reasonable level, while providing intelligently customized and personalized courses to customers, thereby satisfying customer demand and increasing customer loyalty. Customer feedback can also help with generating high-quality educational content. All of these components are expected to contribute to an innovative model of education. Reported Earnings • Dec 02
First half 2022 earnings released: CN¥0.53 loss per share (vs CN¥77.10 loss in 1H 2021) First half 2022 results: CN¥0.53 loss per share (improved from CN¥77.10 loss in 1H 2021). Revenue: CN¥237.8m (down 42% from 1H 2021). Net loss: CN¥7.25m (loss narrowed 96% from 1H 2021). Announcement • Aug 05
Meten Holding Group Ltd. announced a financing transaction Meten Holding Group Ltd. announced a private placement on August 4, 2022. The company will issue pre-funded warrants to purchase up to 1,470,475 ordinary shares and common warrants to purchase 21,428,572 ordinary shares at a price of $0.7 per warrant in the transaction. The pre-funded warrants will have an exercise price of $ 0.001 per share and the common warrants will have an exercise price of $ 0.70 per share. The warrants will expire in 5 years from the date of issuance. The transaction is expected to close on or about August 8, 2022. Board Change • Jul 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Zhiyi Xie was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 12
Met Chain Co., Limited Develops Proprietary Apaqi High-Performance Server Acceleration Card Meten Holding Group Ltd. provided updates on its joint venture for the development of its cryptocurrency mining business, Met Chain Co., Limited. As previously disclosed in a press release in December 2021, Meten Holding Group established the joint venture, Met Chain, specializing in the research and development ("R&D"), production, and sales of cryptocurrency mining equipment. As a result of its continuous efforts, the Met Chain's R&D team successfully developed its proprietary Apaqi High-Performance Server Acceleration Card ("Acceleration Card") that can be inserted into the motherboard of a mining machine to improve its computing power. Currently, the market size of the global server market is over US$100 million, and Meten believes that, with the launch of the Acceleration Card, Met Chain will be able to successfully compete in this market. Met Chain has tested the Acceleration Card on the Company's mining machines internally and received satisfactory results. Met Chain is preparing for mass production of the Acceleration Card and has entered into a strategic cooperation agreement with a third-party, who agreed to purchase the Acceleration Cards with a total value of no less than RMB10 million within one year from the date of the strategic cooperation agreement, upon satisfaction of certain conditions specified in that agreement. Meten believes that the technology breakthrough that is the Acceleration Card will increase Met Chain's competitive strengths in the cryptocurrency industry as Met Chain is seeking additional buyers for its cryptocurrency mining equipment. Announcement • Jul 09
Meten Holding Group Ltd. Announces Board Changes Meten Holding Group Ltd. elected Ye Ren as a director of the company and removed Guangqing Sun as a director of the company, at the 2022 AGM held on June 28, 2022. Announcement • Jun 17
Meten Holding Group Ltd. to Launch Housekeeping Training Courses in September 2022 Meten Holding Group Ltd. announced that the Company plans to launch housekeeping training courses (the "Courses") in September 2022 to address the shortage of qualified personnel in the housekeeping service industry of China. The Courses will be developed by professional teaching and research teams from universities in the Philippines and training institutions in Japan and well-known domestic teachers. The Courses will cover various subjects, such as career development, housekeeping, cooking, common diseases, dietary guidelines, professional storage training, and healthcare training. The Company will utilize an intelligent AI technology applied learning system to improve its closed-loop learning system. Unlike traditional courses, the learning system provides students an interactive learning experience to stimulate their interest in learning and enables the visualization of their learning outcomes. In addition, the Courses are employment-oriented and designed to serve people who plan to become professional housekeepers of residential apartments, senior care institutions, hotels, and resorts. Through strategic cooperation with domestic housekeeping service providers, senior care companies, and top-tier hotels and resorts, the Company plans to provide employment opportunities for students with cooperative partners. Announcement • Jun 08
Meten Holding Group Ltd., Annual General Meeting, Jun 28, 2022 Meten Holding Group Ltd., Annual General Meeting, Jun 28, 2022, at 09:30 US Eastern Standard Time. Location: 3 Floor, Times Fortune Building 88 Fuhua 3rd Road, Futian District Shenzhen City Guangdong Province China Agenda: To remove Guangqing Sun as a director of the Company (the "Director Removal"); to elect Ye Ren as a director of the Company (the "Director Election"); to increase the Company's authorized share capital from USD 50,000 divided into 16,666,667 ordinary shares of par value of USD 0.003 each to USD 1,500,000 divided into 500,000,000 ordinary shares of par value of USD 0.003 each (the "Increase of Authorized Share Capital"); and to ratify the appointment of Audit Alliance LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2022, and the authorization to the board of directors to fix Audit Alliance LLP's remuneration (the "Ratification of Auditor"). Announcement • May 26
Meten Holding Group Regains Compliance with Nasdaq Minimum Bid Price Requirement Meten Holding Group Ltd. announced that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") on May 20, 2022, notifying the Company that it has regained compliance with the Nasdaq's minimum bid price requirement and the matter is closed. On July 7, 2021, the Company was first notified by Nasdaq its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was given its first 180-day extension, or until January 3, 2022 to regain compliance. On January 5, 2022, the Company received a second 180-day extension from Nasdaq or until July 5, 2022 to regain compliance. Effective May 4, 2022, the Company effected a 1-for-30 reverse stock split, which was reflected with Nasdaq and in the marketplace at the opening of business on May 6, 2022. The letter the Company received from Nasdaq on May 20, 2022 noted that as of May 19, 2022, the Company evidenced a closing bid price of its ordinary shares at or greater than the $1.00 per share minimum requirement for the last 10 consecutive business days, from May 6, 2022 through May 19, 2022. Nasdaq stated that accordingly, Meten Holding Group has regained compliance with Nasdaq Listing Rule 5550(a)(2). Announcement • May 21
Meten Holding Group to Launch Chinese as Foreign Language Education Program Globally in Early June 2022 Meten Holding Group Ltd. announced that the Company plans to launch Chinese as foreign language education program (the "Program") globally in early June 2022. Teaching Chinese as a foreign language is a subject involving comprehensive and interdisciplinary research, including basic theoretical research and applied language teaching. The Program aims to better promote the learning and development of Chinese language education as a foreign language and make distinctive contributions to promoting the Chinese language in countries along the Belt and Road Initiative including Malaysia, Indonesia, Thailand, the Philippines, Vietnam in Southeast Asia, UAE, Qatar, Kuwait, Saudi Arabia in West Asia, and Serbia, Poland, Czech Republic, Croatia in Central and Eastern Europe, etc. The Company intends to use an online platform with an asset-light business model to build a global online learning platform with the goal to achieve the localization and growth of educational services. Combining the experience in professional teaching with AI technology, the Company aims to provide personalized services to meet the unique learning needs of students. To achieve the educational service scale growth, the Company plans to integrate and leverage the resources of foreign teachers and collaboration channels that have been deeply cultivated for the English training market for many years and adopt a low-cost and high-penetration model to promote Chinese training programs. The market for Chinese as foreign language education programs enters into a new stage of rapid growth as the demand remains strong. Despite the impact of the COVID-19 pandemic, the popularity of Chinese language education remains strong around the world. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Zhiyi Xie was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 27
Meten Holding Group Ltd. Launches the Trial of Metaverse Vocational Education Courses Meten Holding Group Ltd. announced the Company has launched the trial of its Metaverse vocational education courses in December 2021. The Courses cover various subjects such as video post-production, game rendering, architectural visualization, and interior design. The Company provides the Courses for individuals who recently graduated from school with no knowledge about visual designing but wish to start their career in the industry of visual designing, as well as for professionals who need specific advanced training. Announcement • Jan 12
Meten Holding Group Ltd. Starts Preliminary Trial Operation of the Cryptocurrency Mining Business in Pennsylvania, U.S Meten Holding Group Ltd. announced that it had started preliminary trial operation of the cryptocurrency mining business in Pennsylvania, U.S. Currently, the Company has procured 147 cryptocurrency mining machines with approximately total computing power of 14P, which have been put into commercial trial operation in Pennsylvania, U.S. As part of the previously announced strategic partnership with AGM Group Holdings Inc. ("AGMH"), the Company purchased cryptocurrency mining machines from AGMH. Recently, AGMH has delivered 1,335 units of Bitcoin mining machines to the Company. In conjunction with the delivered units, the Company will be scaling up its mining machines to increase computing power capacity to reach 135P. The Company expects to have all miners are fully operational in January 2022, signaling the start of official operation of the cryptocurrency mining business. Involving the cryptocurrency mining business is one of the Company's strategic plans to transform into a "Metaverse Technology Company" and this business is running smoothly at present. In addition, the Company has now started to build mines in Canada and the U.S. Looking forward, the Company expects to operate its mining business in these to-be-build mines in North America and provide custody services for other global mining units. Reported Earnings • Nov 01
Second quarter 2021 earnings released: CN¥0.75 loss per share (vs CN¥1.54 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CN¥204.8m (up 8.2% from 2Q 2020). Net loss: CN¥78.1m (loss narrowed 18% from 2Q 2020). Announcement • Sep 03
Meten EdtechX Education Group Ltd. has completed a Follow-on Equity Offering in the amount of $60 million. Meten EdtechX Education Group Ltd. has completed a Follow-on Equity Offering in the amount of $60 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: $0.3
Security Name: Pre Funded Warrants
Security Type: Equity Warrant
Price\Range: $0.29 Reported Earnings • Aug 20
Second quarter 2021 earnings released The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CN¥204.8m (up 8.2% from 2Q 2020). Net loss: CN¥78.1m (loss narrowed 18% from 2Q 2020). Announcement • Aug 06
Meten EdtechX Education Group Ltd. Plans to Start Providing Online Adult Overseas Higher Education Services in the Fall of 2021 Meten EdtechX Education Group Ltd. announced that the company plans to start providing online adult overseas higher education services in the Fall of 2021. Enrollment for the services will first start in Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Foshan, Wuhan, and Nanjing, and will be expanded throughout China in the Spring of 2022. Providing online adult overseas higher education services is in line with The Regulations on the Implementation of the Non-state Education Promotion Law of the People's Republic of China, which will come into force on September 1, 2021. According to the Regulations, China encourages private schools to implement educational activities online by leveraging Internet technology. Online adult overseas higher education services will provide flexible learning methods and learning-friendly curriculum designed for people with a need for higher education degrees from overseas institutions. Students can directly enroll in programs through independent recruitment without China's Unified National Graduate Entrance Examination, which save time for executives and entrepreneurs. A variety of teaching functions will be available, such as online live lectures, online recorded and broadcast lectures, live Q&A classes, and offline lectures. In addition, online adult overseas higher education services will offer English-only courses, Chinese and English bilingual courses, and Chinese-only courses, which are all taught by well-known professors. The company’s online adult overseas higher education services will offer master's degrees in a variety of disciplines from many universities in the United States, Switzerland, Italy, France, and Malaysia, among others. The company currently plans to launch master's programs in majors including business administration, finance, hotel management, psychology, education, computer science, artificial intelligence, and art. Executive Departure • Aug 05
Independent Director Ying Cheng has left the company On the 2nd of August, Ying Cheng's tenure as Independent Director ended after 1.3 years in the role. We don't have any record of a personal shareholding under Ying's name. A total of 7 executives have left over the last 12 months. The current median tenure of the management team is 15.33 years. Executive Departure • Aug 05
Independent Director Yanli Chen has left the company On the 2nd of August, Yanli Chen's tenure as Independent Director ended after 1.3 years in the role. We don't have any record of a personal shareholding under Yanli's name. A total of 7 executives have left over the last 12 months. The current median tenure of the management team is 15.33 years. Executive Departure • Aug 05
Director Yongchao Chen has left the company On the 2nd of August, Yongchao Chen's tenure as Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Yongchao's name. A total of 7 executives have left over the last 12 months. The current median tenure of the management team is 15.33 years. Announcement • Jul 03
Meten EdtechX to Enhance Online Merge Offline (OMO) Services for Students Meten EdtechX Education Group Ltd. announced that the Company plans to enhance its online merge offline (OMO) services for its students. Since the beginning of 2021, the Company has completed the online delivery of 84,000 class hours of its offline courses through the OMO system, which contributed RMB21 million in gross billing. OMO is an integrated learning model which combines the advantages of the online education with those of the traditional offline education, providing students with scale and personalization associated with online education, and real, effective learning experiences associated with offline education. The OMO model can help the Company quickly recover from the negative impact of the COVID-19 epidemic on offline businesses, lower customer acquisition costs, and improve operational efficiency. In addition, the OMO model can better meet the students' various needs, enhance their sense of experience, provide convenience for students, and increase customer retention and satisfaction. Since 2020, the Company has invested RMB20 million developing "dual-teacher classroom", which is mainly used for ABC junior ELT services. The Company carefully selected the course content and electronic teaching aids, conducted trainings for foreign teachers, guided them through the qualification certification process, installed hardware equipment in the classrooms, and adopted standardized course materials and curriculums, among others. The "dual-teacher classroom" adopts an innovative approach to teaching, where foreign teachers conduct live stream teaching with the help of advanced Internet technology. "Dual-teacher classroom" learning integrates online and offline teaching, which greatly improves the teaching quality of foreign teachers and enhances the learning experience of students. Currently, the Company has independent online and offline products. It plans to launch new offline and online integrated products (OMO products, such as the "dual-teacher classroom"), which is expected to bring new growth points for the company in the future. In 2021, the Company expects to continue implementing the OMO strategy to benefit a wider group of students. With a significant improvement in operational efficiency of the "dual-teacher classrooms", the Company can save an estimate of 25% teaching costs of foreign teachers. Announcement • May 26
Meten EdtechX Education Group Ltd. has completed a Follow-on Equity Offering in the amount of $40 million. Meten EdtechX Education Group Ltd. has completed a Follow-on Equity Offering in the amount of $40 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: $1
Discount Per Security: $0.07 Announcement • Mar 05
Meten EdtechX Education Group Ltd. to Resume Full Operation of its Learning Centers in March 2021 Meten EdtechX Education Group Ltd. announced that the Company plans to reopen all of its learning centers in 2021 after a temporary shutdown due to COVID-19. To reduce the negative impacts of the COVID-19 pandemic, Chinese government implemented multiple control and prevention measures to avoid residents being infected. In response to such measures, the Company decided to permanently close its 30 physical learning centers severely affected by the epidemic with the worst performance in high-risk areas after the Chinese New Year holiday in 2020. This strategy helped the Company maintain positive working capital in order to maintain operations of its key learnings centers. As a result, the Company operated a total of 118 learning centers nationwide by the end of 2020, compared to 148 in 2019. The Company’s top priority is to ensure health and safety of its students, employees and their families. Since March 2020, with proper precautionary measures taken, the Company started to gradually reopen its learning centers, and by the end of June 2020, the Company had reopened a majority of its learning centers in low-risk areas of China. By the end of September 2020, the Company basically resumed operation in high-risk areas of China. Although there were resurgence of sporadic COVID-19 cases recently, the Company still expects to resume full operation of all learning centers across China in March 2021. After reopening all its learning centers, the Company expects its market share in the Chinese ELT industry to increase. As March is the peak season for English learning, the Company plans to execute its business strategies, aiming to achieve strong results of operations and financial performance. Announcement • Jan 29
Meten EdtechX Introduces Dual-Teacher Classroom Learning to Enhance ABC Junior ELT Business’ Long-Term Competitive Advantage Meten EdtechX Education Group Ltd. announced that the company has introduced dual-teacher classroom learning for ABC junior ELT business to enhance its competitive advantage. The dual-teacher classroom learning integrates the online and offline business, greatly improving the teaching quality of the foreign teachers and enhancing the learning experience of the students. ABC junior ELT is an independent brand of Meten EdtechX, which focuses on providing junior ELT service for children aged three to 16. After the acquisition of ABC Education Group, a junior ELT service provider operating under the “ABC” brand in 2018, the company has been constantly upgrading and optimizing its services and products. The business of ABC junior ELT has gradually matured, [and started to show the profitability. To introduce the dual-teacher classroom, ABC junior ELT has set strict standards in terms of course content, electronic teaching aids, foreign teacher qualification certification and training, hardware equipment and classroom standardization, etc., whichcost approximately RMB 20 million for launching dual-teacher classroom learning in the past half year. The company has optimized the structure and functions of ABC junior ELT in the fourth quarter of 2020, which is expected to lower the cost of foreign language teaching for ABC junior ELT by approximately 25% on a year-on-year basis in 2021, significantly improving its operating efficiency. Currently, there is still a large space for the development of the junior ELT training market in China and the penetration rate is expected to increase going forward. Relying on an extensive network of existing adult and junior ELT offline learning centers, Meten EdtechX will continue to explore high-end junior ELT training market in China, which may consolidate the long-term competitive advantages of the company. Announcement • Jan 28
Meten EdtechX Launches SVIP Courses to Address High-End Adult ELT Market Meten EdtechX Education Group Ltd. announced that the Company has launched SVIP courses to address the high-end adult ELT market. As China continues its globalization efforts, the demand for international communication is becoming more urgent than ever and thus, the high-end adult ELT market has tremendous potential. Compared with other sub-fields, high-end adult ELT addresses more diversified customer needs, including, but not limited to, international business negotiations and international cultural exchanges. In order to meet different customer needs, educational institutions are required to have highly professional teachers in order to provide comprehensive teaching services. As a key player in the Chinese ELT market, Meten EdtechX has been formulating more high-end SVIP courses for China’s high-net-worth students/users by providing them with customized courses. Announcement • Dec 31
Meten EdtechX Education Group Ltd. Launches Pre-Sale Korean and Spanish Courses on Likeshuo Platform Meten EdtechX Education Group Ltd. announced that it has officially launched pre-sale Korean and Spanish courses on its online platform "Likeshuo" on December 23, 2020, further implementing the company’s growth strategy of diversified minority languages. The company reserves the copyright of the Korean and Spanish courses listed on "Likeshuo" and operates them independently. In the beginning of 2020, "Likeshuo" teamed up with the Japanese education brand Jtalk to launch an online Japanese training brand, Jtalk Likeshuo Online, officially entering the minority language training market. Relying on high-quality teacher resources and the official Japanese teacher training system, “Likeshuo” succeeded in cooperating with well-known Japanese companies in respect of staff language training. Is New 90 Day High Low • Dec 31
New 90-day low: US$1.84 The company is down 67% from its price of US$5.50 on 01 October 2020. The American market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is down 2.0% over the same period. Announcement • Dec 26
Meten EdtechX Education Group Ltd. Remains Strong Growth of Its "Bigao" Exam Preparatory Product Meten EdtechX Education Group Ltd. announced the latest business development of its exam preparatory product segments, demonstrating that the performance of the "BiGao" exam preparatory product (“BiGao”) for middle school students has exhibited strong growth since launch in July 2019. Meanwhile, with the launch of the "YunFan", the exam preparatory product (“YunFan”) for college students, in December 2020, the competitiveness of Meten EdtechX in the market of exam preparatory products in China has been further strengthened. With the core goal of improving students’ exam performance, "BiGao" provides a comprehensive VIP learning program for mid-to-high net worth families in China, covering various subjects, including English and mathematics ranging from the junior high school to the college entrance examination. Relying on the improving results from exam scores and good experiences, the cumulative gross billing generated from “BiGao” for the five months ended November 30, 2020 has been approximately RMB20 million, and has increased significantly by more than 360% compared to the same periods last year. It is worth noting that a significant number of the Company’s students from both online and offline ELT business segments are customers of "BiGao", which enables "BiGao" to expand its customer base efficiently. Is New 90 Day High Low • Dec 10
New 90-day low: US$2.37 The company is down 73% from its price of US$8.65 on 10 September 2020. The American market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 3.0% over the same period. Announcement • Nov 19
Meten EdtechX Education Group Ltd. to Report Q3, 2020 Results on Dec 04, 2020 Meten EdtechX Education Group Ltd. announced that they will report Q3, 2020 results on Dec 04, 2020 Announcement • Nov 14
Meten EdtechX Education Group Ltd. Maintains the No. 1 Language Training Service Sales During the "Singles’ Day" Nationwide Promotion Activity on Tmall.com for Three Consecutive Years Meten EdtechX Education Group Ltd. announced its online ELT platform, “Likeshuo”, maintained the No. 1 language training sales among all language training service providers who participated during the “Singles’ Day” nationwide promotion activity on Tmall.com for three consecutive years. Likeshuo generated RMB8.83 million in gross billings during entire 11-days “Singles’ Day” nationwide promotion activity from November 1 to November 11, 2020. Meten EdtechX launched its online ELT platform, Likeshuo, in 2015 and integrated high-quality online teaching in small-class setting and immersive teaching by foreign teachers from native English-speaking countries. Likeshuo has successively covered English, Japanese, and other minority language training markets. In spite of the COVID-19 epidemic, Likeshuo has achieved a year-on-year growth of more than 30% in gross billings in the first three quarters of 2020 with its strong brand awareness and high-quality teaching services. Ranking based on gross billings from November 1 to November 11, 2020. Is New 90 Day High Low • Oct 27
New 90-day low: US$3.32 The company is down 71% from its price of US$11.45 on 29 July 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is flat over the same period. Announcement • Oct 17
Meten EdtechX Education Group Ltd. Announces Potential Strategic Partnership with Renaissance Learning Inc Meten EdtechX Education Group Ltd. announced a potential strategic partnership with Renaissance Learning Inc. The cooperation between Renaissance and Meten EdtechX recognizes the companies’ mutual understanding of the international education market, and supports their shared vision of innovation in education, personalized learning, education technology, and lifelong learning. Meten EdtechX Education Group has been in China’s English language training market for 14 years. Looking ahead, both parties intend to explore a joint venture in China to promote Renaissance’s world-renowned assessment products among different education systems, enabling Chinese families and schools to access high-quality English reading and assessment resources. Is New 90 Day High Low • Oct 11
New 90-day low: US$3.94 The company is down 67% from its price of US$11.83 on 13 July 2020. The American market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 13% over the same period. Announcement • Aug 30
Meten EdtechX Education Group Ltd. to Report Q2, 2020 Results on Aug 28, 2020 Meten EdtechX Education Group Ltd. announced that they will report Q2, 2020 results on Aug 28, 2020 Announcement • Jul 17
Meten Edtechx Education Group Ltd. Announces Re-Opening of 95 Out of 133 Physical Sites Meten EdtechX Education Group Ltd. announced that as of June 30, 2020, 95 out of the 133 physical sites have reopened. Most of the sites that remain closed were located in Beijing, which recently experienced additional COVID-19 cases.