Financing ·
Digital Currency X Technology Inc. filed unaudited condensed consolidated financial statements for the six months…
CJETDigital Currency X Technology Inc.
Digital Currency X Technology Inc. filed unaudited condensed consolidated financial statements for the six months ended June 30, 2026, alongside an operating and financial review. The company completed a strategic transformation by disposing of its electric vehicle manufacturing business on March 20, 2026, resulting in a $258.83 million gain from discontinued operations. Continuing operations reported a net loss of $189.01 million, driven primarily by an $186.97 million unrealized fair value loss on crypto assets. On June 24, 2026, the company entered into a securities purchase agreement for a private placement valued at US$700 million, issuing 331,753,557 Class A Ordinary Shares and warrants at $2.11 per unit. As of July 3, 2026, the company received approximately 491.8 million EDGEAI tokens as consideration for this placement. The company operates in the digital asset sector, providing on-chain data aggregation services through its NexFi Inc subsidiary.