News & Press Releases

Blue Hat Interactive (NASDAQ: BHAT), a company expanding its business to commodity trading and aiming to become a leading intelligent commodity trader worldwide, received notification from the NASDAQ stock market that the company is not in compliance with the market’s minimum bid price requirement. According to the announcement, the guidelines require that the closing bid price for a company’s ordinary shares listed on NASDAQ be a minimum of $1, with failure to meet that guideline for 30 consecutive business days creating a “compliance deficiency.”

As gold prices approach the $2,600 per ounce mark, driven by a 23% surge this year and fueled by various economic factors, the gold sector is gaining renewed attention. August’s market volatility highlighted gold’s role as a safe-haven asset, offering stability amid stock market fluctuations. Additionally, central bank purchases and expectations of a weaker dollar due to potential rate cuts have further supported gold’s ascent.

Four Stocks Making Their Mark In a Strong Gold Market

Blue Hat Interactive (NASDAQ: BHAT), a company expanding its business to commodity trading and aiming to become a leading intelligent commodity trader worldwide, has officially launched its gold-supply business with the execution of a 1,000-kilogram gold delivery, valued at $66.49 million. According to the announcement, the delivery follows last year’s signing of a framework agreement with Macau Rongxin Precious Metals Technology Co. Ltd. and will enhance the company’s financial flexibility, leading to further growth and expansion within the precious metals market. BHAT anticipates providing the gold to refineries, wholesalers and retailers, thus generating revenue and establishing a strong presence in the gold sector.

HONG KONG, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology ("BHAT" or the "Company") (NASDAQ: BHAT) announced the execution of a 1,000-kilogram (approximately 2,204.62 pounds) gold delivery, officially marking the launch of its gold supply chain business. This delivery follows the framework agreement signed in October 2023 with Macau Rongxin Precious Metals Technology Co., Ltd. ("Macau Rongxin"), a company registered in Macau with registration number: 86918(SO) registered with the Macau Commercial Register.

Blue Hat Interactive (BHAT) Emerges as a Disruptive Force in the Gold Market

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) is making significant strides in the gold market, showcasing how a company with roots in entertainment can pivot and disrupt an entirely different industry. By leveraging technological innovations and forming strategic partnerships, Blue Hat is positioning itself as a leader in the evolving gold supply chain and trading ecosystem, with the potential to become a pivotal player alongside established giants like Newmont (NYSE: NEM), Barrick Gold (NYSE: GOLD), Agnico Eagle Mines (NYSE: AEM), and Kinross Gold (NYSE: KGC).

Blue Hat (NASDAQ: BHAT) is emerging as a key player in the gold trading industry amid rising gold prices and economic optimism. Originally an entertainment company, Blue Hat is now focusing on innovations in the commodity trading arena. According to the announcement, the company is planning to integrate artificial intelligence to enhance its offerings, including an intelligence gold supply chain and recycling system and a sophisticated gold derivatives trading platform. Blue Hat also intends to earn from the buy-sell spreads as well as generate revenue from various aspects of the gold supply chain.

HONG KONG, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) is emerging as a key player in gold trading industry. As reported by Reuters, since August 1st, 2024, gold prices have exhibited a mix of volatility and upward trends, influenced by various economic and geopolitical factors. Gold hit a notable high above $2,483 per ounce in July, supported by favorable market sentiment and political risks, indicating strong safe-haven demand​ while short-term corrections might occur due to various economic data releases and market dynamics, the medium to long-term outlook for gold remains bullish, driven by continued safe-haven demand and broader economic uncertainties.

Blue Hat (NASDAQ: BHAT) and Sichuan Jinyinghe Industrial Co. Ltd. announced the signing of a framework cooperation agreement to jointly establish a leading gold supply chain company. According to the announcement, the collaboration aims to integrate industrial resources and international financial capital to address various issues currently faced by the gold industry, promote transformation and innovation, and create a comprehensive, efficient gold supply chain ecosystem. “Collaborating with Jinyinghe, a company with many years of experience in gold trading and supply chain management, is another significant step following our acquisition of a Class A license as a precious metals and gemstone dealer from Hong Kong Customs,” said Blue Hat CEO Chen Xiaodong. “We will introduce international resources and work with Jinyinghe to open up gold circulation channels in relevant countries and regions, including but not limited to Southeast Asia and the Middle East. The successful operation of this project will enhance Blue Hat’s operational strength and market influence and provide an excellent platform and opportunity for participants in the gold business, effectively promoting the transformation of the gold industry.”

Blue Hat Interactive (NASDAQ: BHAT), a company expanding its business to commodity trading and aiming to become a leading intelligent commodity trader worldwide, announced that its wholly owned subsidiary, Golden Alpha Strategy Ltd., has been granted Dealers in Precious Metals and Stones Category A Registration by Hong Kong Customs and Excise Department. The company is expanding its business scope to bulk trading of gems and precious metals. The registration is part of a regulatory system implemented by the Hong Kong government and designed to combat money laundering and terrorist financing activities. BHAT is committed following all regulations and laws as it conducts and facilitates commodity trading of precious metals and stones in Hong Kong and internationally. “We are honored to receive this significant international license, marking a crucial step in our business transformation and international development,” said Blue Hat Interactive CEO Chen Xiaodong in the press release. “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.”

Blue Hat Interactive (NASDAQ: BHAT), a company expanding its business to commodity trading and aiming to become a leading intelligent commodity trader worldwide, is being spotlighted in a recent release by China Finance Net. According to the announcement, Blue Hat Interactive CEO Chen Xiaodong was featured in the interview, which included a variety of questions focused on the company’s business transition into commodity trading, specifically its focus on the gold sector. Other questions were about the company plans moving forward. “At present, our partners come from all over the world, including the Middle East (such as Dubai GTC) and Southeast Asia (such as Malaysia, Singapore, etc.),” said Blue Hat Interactive CEO Chen Xiaodong during the interview. “In the future, we will continue to expand our business map to Europe, North America and other countries and regions to achieve a globalized layout. In gold trading business, we plan to keep increasing our gold holdings. . . . In the gold derivates business, we will join forces with GTC and commit ourselves to building a high-end brand for digital trading of financial derivatives at the level of hundreds of billions or even trillions of dollars of annual trading volume. We look forward to realizing the steady growth and long-term development of our business through these strategic layouts.”

Blue Hat (NASDAQ: BHAT) today announced its entry into a letter of intent (the “LOI”) to acquire GTC Multi Trading DMCC (“GTCM”), a financial technology company registered in the United Arab Emirates. According to the LOI, BHAT plans to acquire, through multiple rounds, an aggregate of 60% of the shares of GTCM through the issuance of ordinary shares. “This partnership signifies a pivotal shift in our company’s strategy towards the fintech sector and represents a significant milestone in our integration of AI technology innovation with financial services,” said Chen Xiaodong, chief executive officer of BHAT. “The acquisition of GTCM marks the initial phase of our collaboration following the framework cooperation agreement with GTC Group LLC. We remain committed to further exploring AI applications in the financial industry, propelling our services and products towards an AI-driven future.”

Blue Hat (NASDAQ: BHAT) today announced that an independently developed artificial intelligence, digital person, “Aileen,” will serve as the company’s chief information officer (“CIO”). The development brings together two core technologies — a highly realistic digital person image and advanced language interaction capabilities — and is based on the company’s long-term technical buildup in the gaming field and in-depth application of market-leading third-party AI technology, marking an important step for BHAT in the field of AI application services. “Given today’s fast-changing AI technology, how to use AI to assist the company’s decision-making, and how to fully operate AI in business activities has become the key to the success of enterprises,” said Chen Xiaodong, CEO of BHAT. “In the future, there will be a number of billion- or even trillion-dollar AI application companies, and the winners of the AI revolution will unlikely be only the giants such as NVIDIA and Microsoft, but more likely to include also small and medium-sized companies that are able to fully utilize AI to iterate their products and services, which will also face historic opportunities.”

Blue Hat Interactive (NASDAQ: BHAT), a company of commodity trading in China, is reporting its audited financial results for fiscal year 2023, or the period ended Dec. 31, 2023. According to the report, the company saw a surge in revenue. Specifically, the company reported revenue of $73.68 million for the year, a 33-times increase over its 2022 revenues. The company noted that the increase is due to the significant expansion of its commodity trading business, specifically jewelry and gold trading. The report also noted that, despite the substantial revenue growth, the company saw a net loss of $21.72 million for FY 2023, primarily because of bad debts and asset impairment. “Our achievements in 2023 represent not only a breakthrough in financial data but also a resounding affirmation of Blue Hat’s business strategy transition,” said Blue Hat Interactive CEO Chen Xiaodong in the press release. “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.”

Blue Hat (NASDAQ: BHAT) has announced its shift into AI financial services. According to Dr. Deanna Liu, executive director of Golden Strategy Ltd, a wholly owned subsidiary of BHAT, this strategy is a proactive response to the growth in artificial intelligence technology and the evolving market dynamics. “We believe that the development of AI technology can be divided into three stages: infrastructure construction, the potential for revenue increase, and productivity enhancement. Since 2023, BHAT has undergone comprehensive restructuring, with AI finance being the new focus, responding to the tremendous change brought about by AI in the financial sector,” Dr. Liu said, further stating that the future of AI technology in the financial field will greatly impact lives of individuals and institutions. “We have always believed that AI should not be pursued solely for the sake of chasing high technology. Only by integrating AI with real-world scenarios can its effectiveness be fully realized. Both myself and BHAT hope to become leading promoters of this change.”

Blue Hat (NASDAQ: BHAT) and GTC Group LLC-FZ, a leading Dubai -based financial derivatives trading services company, today announced the official signing of a strategic partnership agreement, marking a strong alliance between the two parties in the field of financial technology. Under the agreement, BHAT will formally enter the field of financial services such as commodities, foreign exchange, stocks, indices, etc., while GTC Group will provide core operational services and is committed to jointly develop the financial derivatives trading market in the Middle East and North Africa. “Dr. Deanna Liu, executive director of Golden Strategy Ltd, a wholly owned subsidiary of BHAT, said at the signing ceremony that the cooperation with GTC not only marks the orderly implementation of the company’s transformation to AI services, but also accelerates the internationalization of BHAT,” reads the announcement.