Financing Completion: Chaince Digital Holdings Inc. has completed a private placement with an institutional investor, raising approximately $6.14 million by selling 1,000,000 shares at $6.14 each, thereby strengthening its financial position for future growth.
Clear Use of Proceeds: The funds will support the initial development and planning of Chaince's U.S.-based AI and semiconductor precision components gigafactory, reflecting the company's strategic focus on transitioning to AI-driven industrial technology.
Technology R&D Expansion: Chaince plans to utilize the financing to expand its AI/HPC infrastructure platforms and related technology R&D, aiming to enhance its competitiveness and market position in the emerging digital asset economy.
Capital Market Activities: Through Chaince Securities, LLC, the company will use part of the funds for capital markets and corporate development activities, further solidifying its influence in the fintech sector.
CD
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About CD
Chaince Digital Holdings Inc., formerly Mercurity Fintech Holding Inc., is a fintech company, which is engaged in offering technology and financial services. It provides tokenization and on-chain innovation solutions, offering services spanning digital assets, financial advisory, and capital markets solutions. The Company's segment includes blockchain & digital asset solutions; AI & HPC infrastructure, and financial services. Under the Blockchain & Digital Asset solutions segments, it operates crypto mining facilities focused on Filecoin and Bitcoin. Under the AI & HPC infrastructure segment, Affinity Base develops liquid cooling solutions for AI data centers and HPC operations to reduce energy consumption and improve hardware performance. Under the Financial Services segment through its subsidiary, Chaince Securities, LLC, the Company offers capital markets and investment solutions for institutions, high-net-worth individuals, and emerging issuers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
