bhat

August 28, 2024

Blue Hat is integrating Artificial Intelligence to enhance its offerings with an intelligent gold supply chain and recycling system AKA The Virtual Gold Mining Machine

BHAT Has Multiple Revenue Streams With its Sophisticated Gold Derivatives Trading Platform

Subsidiary Golden Alpha Strategy Ltd Secures Class A License for Precious Metals and Gem Trading

Blue Hat achieved a revenue of $73.68 million in 2023, increasing 33x over the previous year from its

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‍Hello Everyone,

We couldn’t be more excited to roll out the profile on this next company with gold hitting all time highs again today. It has been an incredible for the world’s favorite precious metal. Right now we are seeing the perfect storm for golds impressive move with worldwide economic uncertainty, interest rates out of control, inflation tearing countries apart and the threat of WW3 or the like looming.

https://goldbroker.com/widget/historical/XAU?height=500&currency=USD

Gold is up over 30% the past year, making it one of the more attractive additions to a portfolio over real estate given the Curren market conditions.

Gold companies have been able to capitalize on this historic move as well.

There is one company that we want you to research before the open Thursday.

Pull up BHAT right away.

You need to research this one immediately.

It has closed green 4 sessions in a row and 6 of the last 7.

Blue Hat’s innovative approach to the gold market sets it apart from traditional players. Unlike established mining juggernauts such as Newmont, Barrick Gold, Agnico Eagle Mines, and Kinross Gold, which generate revenue primarily through gold extraction and processing, Blue Hat is focusing on optimizing the entire lifecycle of gold. The company is leveraging its technological expertise to develop an intelligent gold supply chain and recycling system, encompassing everything from sourcing and recycling to trading and supply chain management. This holistic approach positions Blue Hat as a comprehensive service provider within the gold industry.

Blue Hat is integrating Artificial Intelligence to enhance its offerings, including an intelligent gold supply chain and recycling system (earning the nickname “a virtual gold mining machine”), as well as a sophisticated gold derivatives trading platform, giving it multiple revenue channels.

The company has operations in Hong Kong, Shuibei, Shenzhen and Dubai. BHAT specializes in sourcing, refining, and trading high-quality gold. The company’s wholly-owned Hong Kong subsidiary, Golden Alpha Strategy Ltd., was recently granted Dealers in Precious Metals and Stones Category A Registration by Hong Kong Customs and Excise Department. This regulatory system, implemented by the Hong Kong government aims to combat criminal activities, with only highly vetted companies receiving the coveted designation.

In addition to sourcing gold directly from miners and gold exchanges, they are actively involved in the gold recycling sector. Their advanced gold recycling pricing algorithm, developed in partnership with leading industry experts, enables them to monitor real-time gold price fluctuations and predict market trends with precision. This sophisticated tool allows them to optimize both the pricing and quantity for gold recycling, ensuring maximum value and efficiency.

Upon acquiring gold, they extend their services to include gold leasing, leveraging our strategic position within the Shenzhen Shuibei gold market—a pivotal hub where over half of China’s gold transactions take place. Their gold leasing services cater to a diverse clientele, including gold processing factories, wholesalers, and retailers. They supply these industry participants with high-quality gold and share in the profits derived from the sale of finished gold products, fostering mutually beneficial partnerships and driving profitability.

One of the key components of Blue Hat’s strategy is its focus on digital trading solutions. These platforms allow traders to engage in the gold market without the need for physical storage or insurance, providing greater flexibility and the ability to capitalize on price movements efficiently. High liquidity on these platforms enables traders to swiftly enter and exit positions, contributing to the overall fluidity of the market—an advantage that could see Blue Hat profit in ways similar to the leading upstream players.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Subsidiary Golden Alpha Strategy Ltd Secures Class A License for Precious Metals and Gem Trading

HONG KONG, June 05, 2024 (GLOBE NEWSWIRE) — Blue Hat Interactive Entertainment Technology, a NASDAQ listed company (hereinafter referred to as “BHAT”), recently announced that its wholly-owned Hong Kong subsidiary, Golden Alpha Strategy Ltd., has been granted Dealers in Precious Metals and Stones Category A Registration by Hong Kong Customs and Excise Department. This regulatory system, implemented by the Hong Kong government on April 1, 2023, aims to combat money laundering and terrorist financing activities. BHAT actively responds to the Hong Kong government’s policy initiative, committing itself to conducting and facilitating commodity trading of precious metals and stones under legal and compliant conditions in Hong Kong and internationally.

Mr. Chen Xiaodong, CEO of BHAT, stated: “We are honored to receive this significant international license, marking a crucial step in our business transformation and international development. This not only demonstrates our commitment to our corporate transformation but also underscores our dedication to conduct international business while fully complying with local and international laws. Moving forward, we will actively expand our business in precious metals, striving to bring more returns to our investors.”

Mr. Chen Xiaodong further added: “With the support of this license, we will closely collaborate with Macau Rongxin Precious Metals Company to advance an innovative intelligent gold supply chain and recycling system, providing gold traders with more efficient, convenient, and secure transactions and better service experiences.”

BHAT continues to emphasize innovation, optimize corporate structure and seek new growth points. The company has successfully expanded its business scope to bulk trading of gems and precious metals. In the future, BHAT will commit itself to leveraging artificial intelligence technology to facilitate commodity trading, especially in the precious metals sector.

Blue Hat Announces Financial Results for the Fiscal Year 2023, of which the Revenue Increased by 33 Times

XIAMEN, China, April 30, 2024 (GLOBE NEWSWIRE) — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), primarily a company of commodity trading in China, today announced its audited financial results for the fiscal year ended December 31, 2023 (“Fiscal Year 2023”), reflecting a remarkable surge in the revenue.

Fiscal Year 2023 Financial Highlights

Blue Hat achieved a revenue of $73.68 million in 2023, increasing 33 times than the previous year. This extraordinary achievement is credited to the company’s robust expansion of its commodity trading business, particularly in the realms of jewelry and gold trading, since the fourth quarter of 2022. However, despite the substantial revenue growth, the company incurred a net loss of $21.72 million for the Fiscal Year 2023. The primary reasons for the loss include bad debts and asset impairment resulting from divested businesses. Notably, the Company’s new business line, commodity trading, contributed a profit of nearly $1.2 million to the company for the Fiscal Year 2023.

Management Commentary

Mr. Chen Xiaodong, CEO of Blue Hat, stated at the Company’s annual summary meeting: “Our achievements in 2023 represent not only a breakthrough in financial data, but also a resounding affirmation of Blue Hat’s business strategy transition. In 2024, we will continue leveraging on the technology and experience we have accumulated in past few years. We will deepen our commodity trading in jewelry, especially the diamond and gold trading, and meanwhile expanding online gold derivatives trading, which aim to deliver excellent performance and reward our investors. Furthermore, we are committed to embracing the era of artificial intelligence and inspired to set a new benchmark as a ‘smart’ gold trader.”

Fiscal Year 2023 Financial Results

Please refer to Blue Hat’s annual report on Form 20-F for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission on April 30, 2024 for a detailed analysis of Blue Hat’s financial results.

‍NEWS

MANAGEMENT TEAM

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XiaoDong Chen

Co-Chief Executive Officer & Director

Mr. Chen Xiaodong, EMBA, has more than 30 years of management experience in large and medium-sized enterprises, and has been deeply engaged in manufacturing, import and export trade, culture and communication, entertainment and technology industries, and is good at corporate strategic planning, corporate culture shaping, team building, and in 2015, he founded the Blue Hat Interactive Entertainment Technology Company Limited, which was successfully listed in the United States.

Guo Fan

Co-Chief Executive Officer & Director

Mr. Guo Fan has over 20 years of investment and transaction experience. Prior to becoming CEO, Mr. Guo was CEO of PAYI, a NASDAQ-listed online payment technology company,and a partner at Frontline Capital Asia Pacific, where he and his partners founded Fluency Capital, a quantitative trading firm in the U.S. in 2009.

Gang Yu

Dr. Yu has over 20 years of financial experience in the global financial industry, having worked as a researcher at J.P Morgan and as a strategy analyst at Goldman Sachs (Asia), Director and Principal of Strategic Asset Management Limited, whose company owns Hong Kong License Plate No. 4 and 9.Dr. Yu has a Ph.D. in Finance from New York University and an M.A. in Economics from the State University of New York.

Di Liu

Dr. Di Liu has many years of research experience and has published several highly cited academic papers and won awards. She has worked as a senior AI algorithm engineer in Aliscompany, and co-founded the “Hongzhan Huichuan No. 1” private equity fund, which is mainly responsible for quantitative algorithmic research. Dr. Di Liu holds a bachelor’s degree from SunYat-sen University and received her PhD in Engineering from Washington University in St.Louis and Virginia Commonwealth University.

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