Summary
BHAT Chart
Blue Hat Interactive Entertainment Technology 2024 Financial Results Report: Total Assets Surge by 53%
XIAMEN, China, May 02, 2025 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ: BHAT) today released its audited financial results for the fiscal year ended December 31, 2024. Under the strategic guidance of management, the company actively seized opportunities in the gold industry, completing the strategic procurement of 1 ton of physical gold for approximately $66.49 million in August 2024 and establishing deep partnerships with leading enterprises in the gold sector. While total revenues decreased by 74.59% to $18.72 million in 2024 from $73.69 million in 2023 due to the Company's strategic business transformation, Blue Hat achieved a remarkable 53% growth in total assets, with current assets growing even more significantly by 78%. This growth in assets, particularly through our gold acquisition, has laid a solid resource foundation for future development as we transition to our new business model. At the same time, through continuous business optimization and cost control, the company reduced its net loss by 56%, from $21.72 million in 2023 to $9.52 million in 2024, demonstrating a significant improvement in operational quality.
Gold Prices Reach New Highs: Blue Hat's 1-Ton Gold Holdings Soar in Value
HONG KONG, March 25, 2025 (GLOBE NEWSWIRE) -- In March 2025, the international gold market has continued to strengthen. On March 18, the COMEX gold futures price broke through $3,040 per ounce, while the London spot gold price also climbed to $3,030 per ounce, both setting new historical records. According to the World Gold Council's recently released "Global Gold Demand Trends Report" for the full year of 2024, global central banks have purchased more than 1,000 tons of gold for three consecutive years. Based on the official reserve asset data published by the People's Bank of China and the State Administration of Foreign Exchange in January, China's central bank's gold reserves have also grown for three consecutive quarters, reaching 73.45 million ounces, highlighting the demand for safe-haven assets.
Blue Hat Completes 1 Ton Gold Purchase, Surging Gold Prices Boost Book Profits to New Highs
HONG KONG, March 18, 2025 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT) has successfully completed the final payment for the gold transaction between its Hong Kong wholly-owned subsidiary, Golden Alpha Strategy Limited, and Macau Rongxin Precious Metals Technology Co., Ltd.
Blue Hat Interactive Entertainment Technology Dividends
Blue Hat Interactive Entertainment Technology Earnings
| 30 Apr 2024 Date | | - Cons. EPS | - EPS |
| 22 Dec 2023 Date | | - Cons. EPS | - EPS |
| 31 Dec 2016 Date | | - Cons. EPS | 0.01 EPS |
| 30 Sep 2016 Date | | - Cons. EPS | 0.1 EPS |
| 30 Jun 2016 Date | | - Cons. EPS | 0.03 EPS |
| 30 Apr 2024 Date | | - Cons. EPS | - EPS |
| 22 Dec 2023 Date | | - Cons. EPS | - EPS |
| 31 Dec 2016 Date | | - Cons. EPS | 0.01 EPS |
| 30 Sep 2016 Date | | - Cons. EPS | 0.1 EPS |
| 30 Jun 2016 Date | | - Cons. EPS | 0.03 EPS |
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Blue Hat Interactive Entertainment Technology Profile
| Electronic Gaming & Multimedia Industry | Technology Sector | Mr. Xiaodong Chen CEO | NASDAQ (CM) Exchange | G1329V106 Cusip |
| CN Country | 14 Employees | - Last Dividend | 17 Mar 2025 Last Split | - IPO Date |
Overview
Blue Hat Interactive Entertainment Technology, founded in 2010 and headquartered in Xiamen, China, is a diversified company operating primarily in the People's Republic of China. It focuses on the bulk commodity trading business, encompassing various segments including Diamond Trading, Commodity Trading, and Information Services. The company leverages a wide range of distribution channels including domestic distributors, e-commerce platforms, supermarkets, and export distributors to distribute its products and services effectively across different markets.
Products and Services
- Commodity Trading: Blue Hat Interactive Entertainment Technology is engaged in the trading of a variety of commodities. This includes chemicals, with a primary focus on ethanol, which caters to multiple industrial applications.
- Jewelry Trading: The company’s commodity trading is not limited to chemicals; it also delves into the realm of luxury goods, especially in the jewelry sector. This includes trading in diamonds, gold, and other precious items, meeting the demands of both domestic and international markets.
- Information Services: Beyond tangible commodities, Blue Hat offers information services, although the specifics of these services are not detailed, it indicates the company's foray into leveraging technology and information as a commodity.
Contact Information
