For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Can you elaborate on the company’s ETH accumulation strategy and whether you plan to use financial instruments to acquire more? A: Currently, we use our own funds for a dollar cost averaging strategy, which we believe is risk-controlled and aligns with our long-term goals. While we may consider moderate financing for ETH accumulation in the future, our core strategy will remain unchanged. Our mining machine business profits support this strategy, which is resilient across market cycles and avoids forced sales due to short-term price drops. – Respondent: CFO, Charles Yan
Q: You mentioned targeting up to a 10% yield on your Ethereum treasury. How much of your holdings do you plan to allocate towards yield activities? A: We are working with Falcon X to optimize returns through trading strategies and lending. While we will not put all our ETH in one place, over 80% of our ETH will be used to generate income. Decisions will be based on market conditions and yield efficiency. – Respondent: CFO, Charles Yan
Q: What can you tell us about the pipeline of altcoin projects and their potential contribution in 2026? A: We achieved strong revenue growth with our new miner series in the first half of the year. In the second half, we will launch new altcoin mining products, including a state-of-the-art Dogecoin miner expected to complete testing in 2025 and enter mass production in 2026. We will continue investing in R&D to maintain competitiveness. – Respondent: CFO, Charles Yan
