Chaince Digital Holdings Inc.

Listed Company

CDCIK 0001527762NasdaqNon-AcceleratedSmaller ReportingFinance ServicesSG

Period

FY 2025

Revenue

$1.87M

Net Income

$-5.10M

Total Assets

$46.60M

Equity

$44.03M

Shares Out

79.41M

Op. Cash Flow

$-2.41M

Business

Chaince Digital Holdings Inc. operates distributed computing and storage services and provides business consultation and investment banking services. Its main offerings include Filecoin mining and cloud storage through Web3 decentralized infrastructure, business consultation services, and investment banking and brokerage services (financial advisory, M&A and underwriting), with ancillary manufacturing and infrastructure activities. Key operating segments are MFH Tech (distributed computing and storage/Filecoin operations), Chaince Securities and Chaince Securities, LLC (consulting and investment banking), and Ucon and Lianji Future (Asia‑Pacific consulting); Aifinity and Yingke Precision support manufacturing. The company serves clients in Greater China, Southeast Asia and North America and distributes services via the Filecoin network, broker‑dealer channels and direct corporate consulting engagements.

Summary from filing dated 2025-04-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31
Total revenue	2	494,025
Total cost of revenue	−666,358	−259,593
Gross profit	1	234,432
Sales and marketing	−159,803	−100,426
General and administrative	−4	−2
Research and development	−147,321	—
Provision for doubtful accounts	−46,809	−11,452
Loss on market price of stablecoins and digital assets	−458,333	−36,689
Total operating expenses	−5	−2
Operating loss from continuing operations	−4	−2
Interest income/(expenses), net	477,151	204,071
Other income/(expenses), net	1	−32,846
(Loss)/gain from market price of short-term investment	−88,830	212,426
(Loss)/gain from selling short-term investments	−2,175	35,771
Loss on share-based payment liabilities	−360,600	—
Gain from deregistration of subsidiaries	97,144	—
Loss before provision for income taxes	−2	−2
Income tax benefits/(expenses)	82,248	−336,985
Loss from continuing operations	−2	−2
Discontinued operations	−3	−3
Net loss	−5	−5
Net loss attributable to holders of ordinary shares of Chaince Digital Holdings Inc.	−5	−5
Net loss attributable to holders of ordinary shares of Chaince Digital Holdings Inc.	−5	−5
Weighted average shares used in calculating basic net loss per ordinary share	66	61
Weighted average shares used in calculating diluted net loss per ordinary share	66	61
Basic (per share)	−0.08	−0.07
Diluted (per share)	−0.08	−0.07
Basic	−0.03	−0.03
Diluted	−0.03	−0.03
Basic	−0.04	−0.04
Diluted	−0.04	−0.04
Change in cumulative foreign currency translation adjustment	−512	16,676
Change in deregistration of subsidiaries	−113,902	—
Comprehensive loss	−5	−5

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Cash and cash equivalents	34	24	—
Security deposit	—	93,475	—
Clearing deposit	132,536	—	—
Short-term investments	2	957,729	—
Stablecoins	3	—	—
Digital assets	1	156,623	—
Accounts receivable	300,076	—	—
Interest receivable	38,056	3,825	—
Prepaid expenses and other current assets, net	2	3	—
Current assets of discontinued operations	2	2	—
Total current assets	45	30	—
Operating right-of-use assets, net	989,530	238,330	—
Property and equipment, net	7,007	9,599	—
Intangible assets, net	120,000	120,000	—
Deferred tax assets	112,832	30,584	—
Security deposit	63,648	—	—
Other long-term investments	122,600	—	—
Non-Current assets of discontinued operations	—	5	—
Total non-current assets	1	6	—
TOTAL ASSETS	47	36	—
Bonds payable	—	8	—
Interest payable	—	343,151	—
Deferred revenue	230,653	—	—
Accrued expenses and other current liabilities	797,941	408,138	—
Operating lease liabilities	270,497	282,279	—
Current liabilities of discontinued operations	457,985	2	—
Total current liabilities	2	12	—
Lease liabilities	780,603	—	—
Deferred tax liabilities	25,200	25,200	—
Total non-current liabilities	805,803	25,200	—
TOTAL LIABILITIES	3	12	—
Commitments and contingencies	—	—	—
Ordinary shares ($0.004 par value, 1,000,000,000 shares authorized as of December 31, 2025, 72,883,130 and 62,299,897 shares issued and outstanding as of December 31, 2025 and 2024, respectively)	291,551	249,218	—
Additional paid-in capital	728	703	—
Accumulated deficit	−686	−680	—
Accumulated other comprehensive income	1	1	—
Total shareholders equity	44	24	18
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	47	36	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31
Depreciation of property and equipment	2,592	2,509
Exchange gains and losses	−12,460	9,870
Loss/(gain) from market price of short-term investment	88,830	−212,426
Interest income from short-term investment and providing loans	−207,240	−192,790
Interest cost of convertible note and borrowing Filecoins	134,452	382,603
Stock-based compensation	1	—
Gain from debt forgiveness	−1	—
Non-cash revenue or gain	−171,198	−26
Non-cash expenses	3,187	23,255
Gain from deregistration of subsidiaries	−97,144	—
Other expenses	—	32,271
Clearing deposit	−132,536	—
Accounts receivable, net of allowance	−301,885	—
Prepaid expenses and other current assets	−193,801	−1
Right-of-use assets	−751,200	317,774
Deferred tax assets	−82,248	311,785
Accounts payable	55,148	—
Advance from customers and deferred revenues	28,093	−40,000
Accrued expenses and other current liabilities	288,812	−201,560
Lease liabilities	768,822	−352,178
Deferred tax liabilities	—	25,200
Net cash used in operating activities in continuing operations	−2	−3
Net cash used in operating activities in discontinued operations	−532,076	−383,956
Net cash used in operating activities	−2	−4
Cash from selling short-term investments	959,011	2
Cash from receiving short-term investment interests and dividends	33,052	221,146
Payments for purchasing digital assets	−1	—
Payments for purchasing property and equipment	—	−2,611
Payments for purchasing property and equipment, as well as refunds under the cancellation agreement	1	2
Cash paid for short-term investments	−2	−364,531
Net cash (used in)/provided by investing activities in continuing operations	−2	4
Net cash provided by investing activities in discontinued operations	500,000	—
Net cash (used in)/provided by investing activities	−1	4
Issuance of common stock	18	10
Convertible notes	−4	−2
Financing costs	−405,000	−930,000
Net cash provided by financing activities in continuing operations	13	8
Net cash provided by financing activities in discontinued operations	—	—
Net cash provided by financing activities	13	8
Effect of exchange rate changes by continuing operations	−1,117	45
Effect of exchange rate changes by discontinued operations	—	—
Effect of exchange rate changes	−1,117	45
Increase in cash and cash equivalents	10	8
Interest paid	375,000	—
Income taxes paid	—	—
Recognition of right-of-use assets and lease liabilities	751,200	—
Conversion of debt to equity	4	—
Purchase stablecoins and digital assets through issuance of shares	2	—

Filings

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