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HK blockchain stocks jump in Bitcoin frenzy - Vimarsana News

HK blockchain stocks jump in Bitcoin frenzy

(MENAFN - Asia Times) HONG KONG – Several Hong Kong-listed stocks with blockchain businesses or concepts jumped significantly on the first trading day of the Year of the Ox after Bitcoin hit a new high in the past two days. On Sunday, Bitcoin reached $49,375 for the first time, almost meeting the forecast made by Nicholas Pelecanos, the head of trading at cryptocurrency firm NEM, who said on January 2 that the cryptocurrency could rise to $50,000 by Valentine's Day. The recent surge in Bitcoin, together with US-listed Bitcoin miners such as Bit Digital and Riot Blockchain, came after...

Source: menafn.com
Investegate |Huobi Tech Hldgs Ltd Announcements | Huobi Tech Hldgs Ltd: Huobi Tech Gross Margin Increased Substantially - Vimarsana News

Investegate |Huobi Tech Hldgs Ltd Announcements | Huobi Tech Hldgs Ltd: Huobi Tech Gross Margin Increased Substantially

The Proportion of Blockchain Technology Business Revenue Continuously Grew Financial Highlights ● The gross profit was HK$77.9 million, up by HK$20.0 million or 34.7% ● The gross profit margin was 28.2%, increased by 52.1% ● The gross profit of power-related & electrical/electronic products businesses amounted to HK$52.3 million, the gross profit margin was 21.6%, which met the expectation ● The revenue of the technology solution business was HK$34.2 million, increased by HK$ 31.8 million, accounting for 12.4% of the Gr...