Mining revenue sharing: In Q1 2024, net profit reached 66.2 million USD, a year-on-year increase of 166%, mainly from Bitcoin mining income. By signing long-term Power Purchase Agreements (PPA) with energy companies to reduce operating costs, the mining profit margin reached 38% in Q1 2025. Mining machine sales and leasing: After the IPO in 2023, it received 33 times oversubscription, with funds used to expand the inventory of mining machines. In 2024, the revenue from mining machine sales will account for 27% of total revenue. Exchange transaction fees: M2.com exchange's daily average trading volume in 2024 exceeds 120 million USD, with fee income accounting for 12%. Strategic investment return: Holding 338,273 shares of high-performance computing company Northern Data AG (Xetra: NB2), receiving a dividend of approximately $720,000 in Q2 2024.

Energy localization integration: Utilizing cheap natural gas for power generation in the Middle East for mining, with mining costs expected to drop to $8,200 per Bitcoin in 2024, significantly lower than the industry average. This model provides an economic transformation path for energy surplus regions, such as the collaborative project with Ethiopia, which is expected to create 500 local jobs. Compliance Demonstration Effect: As the first listed cryptocurrency company in the Middle East, its operating model has driven the UAE to introduce the "Virtual Asset Regulatory Framework," attracting over 15 blockchain companies to settle in Abu Dhabi by 2024. Vertical integration of the industry chain: Through the closed-loop ecosystem of "mining machine sales - mining - exchange," a synergistic effect is formed. For example, the Bitcoin produced by the mining farm can be directly monetized through the M2.com exchange, shortening the capital turnover cycle to 3 days (the industry average is 7 days).

Bitcoin ( BTC ): Power market regulation: The global 7% share of computing power makes it an important participant in the Bitcoin network. In June 2024, its mining difficulty adjustment led to a network-wide computing power fluctuation of ± 3%. Price expectation guidance: By disclosing computing power data weekly, it influences the market's perception of Bitcoin's scarcity. After the announcement of its computing power growth in July 2024, the open interest in Bitcoin futures increased by 15%. Dirham Stablecoin (AEDT): Fiat currency digitalization attempt: The AEDT stablecoin, developed in collaboration with Tether, is scheduled for launch in 2025, with an expected initial liquidity of over 500 million dirhams, aiming to cover 12% of the cross-border payment market in the Middle East.