Blue Hat Interactive Entertainment Technology (BHAT) News

down, but im still up about this one, coming weeks will be good.

Another fill zone for me, perfect opportunities to load up for next week.

Thinking the same thing, I can see it pumping from the sidelines. Been in since .34 on BHAT. hoping to see .7

Where will this go, seems to be priming itself.

Slow friday, but I still like the look of BHAT after licensing themselves to buy GOLD

rebuying again, with the idea that next week will be promising. Technicals are calling for a pop up.

Slow day so far, but same area for fill.

Technicals look good with the triple b, as well as with BHAT's innovations in AR, AI, and now commodities. They are on a fast track. Good zone for me

filled in today. I like your thinking.

Commodoties at all time highs recently, BHAT made a huge move into GOLD not too long ago, that should propell them into success. Gold goes up and so does my position in BHAT

See this ticker gaining some traction, doing a multitude of things. Wonder where this will go in the next couple weeks.

Update from my previous post: On August 28, 2024, they signed a purchase agreement with Macau Rongxin Precious Metals Technology Co., Ltd. BHAT received 1,000 kilograms of gold (around 2,204 pounds), valued at $66.49 million (priced at $66.49 per gram). They’ll be paying for it in installments.

This is part of BHAT's strategy to expand into the gold supply chain business, supplying gold to refineries, wholesalers, and retailers. The deal follows a framework agreement signed in October 2023. The company expects this move to strengthen their financial position and help them tap into the growing precious metals market.

Before the transaction is fully closed, BHAT will inspect the gold to ensure it meets their standards. This deal is seen as a key step for BHAT as they transition into commodity trading.

Rebought at .39 during the dip this morning. Lot of room to hit .48, seeing as we smashed .44 early this morning.

Nice bro, i see promise in the near future. I Dmed you

BHAT's stock has been experiencing volatility, with some investors noting technical indicators that suggest possible bullish movements. Keeping my eyes on it for the next leg up. I see a mega bouncer coming very soon.

All Aboard the BHAT Train. 😎

Little pump up from yesterday, I think we are in for a big mover here soon. Will keep my channels updated on positioning from here on out with BHAT.

Filled my position at .40. Will refill if it goes to .35! I see BHAT going far.

Heavy buying this morning. Would love to see a .48 test and break. Next resistance.

I really like this ticker. Will be watching it all week.

Blue Hat Interactive Entertainment Technology (BHAT) has recently expanded into AI-driven innovation, particularly within the fintech sector. They've achieved this through the acquisition of GTC Multi Trading DMCC, a financial tech company, allowing them to integrate AI into gold and financial derivatives trading. This marks a strategic shift for BHAT from interactive AR entertainment products to leveraging AI in financial services. By incorporating AI technology, BHAT aims to innovate trading systems, customer service, and product development within the fintech space?.

Slow day, but influx of volume should pop out by EOD or end of the week hopefully.

What have they done in the AI sector? I knew about GOLD progress, but nothing regarding AI?

Yes, they are making diverse innovations 👀

They are in AI too recently.

Healthy pullback so far today. Looking to refill at these levels, before pushing up for a MEGA bounce!

Triple Bottom just waiting to skyrocket. Innovations are being made, just got into the GOLD industry

Slight gap up on BHAT this morning. Worth a watch IMO. It isn't just a tech company, they have licenses in places for commodities as well. Positioning itself well!.

$BHAT MEGA bottom bouncer cometh!

$BHAT today starting volume Looks good, stay turned big coming 👀🚀

With gold prices reaching notable highs, Blue Hat Interactive ($BHAT) is capitalizing on favorable market sentiment. Trading at $0.55, with a 52-week range of $3/$0.4, $BHAT is positioning itself as a significant player in the gold market.

Today volume Looks good, i think big coming

With gold prices recently hitting a high of $2,483 per ounce and a current stock price of $0.5398, Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) is strategically positioned to capitalize on the ongoing market dynamics and investor interest in gold.

Blue Hat Expands into Gold Trading with Strategic Partnerships As Gold Prices Rise Amid Economic Optimism

As safe-haven demand drives gold prices higher, Blue Hat Interactive Entertainment Technology (NASDAQ: $BHAT) is strategically leveraging this trend. The company’s market cap of $30,892,691 positions it well to benefit from ongoing gold market dynamics.

BHAT........................https://stockcharts.com/h-sc/ui?s=BHAT&p=W&b=5&g=0&id=p86431144783

Gold’s enduring value as a hedge against inflation makes it a strategic focus for Blue Hat Interactive (NASDAQ: $BHAT). The company’s market cap of $29.8 million reflects its growing presence in the gold trading industry, particularly as global economic uncertainties persist.

Blue Hat Interactive Entertainment Technology (NASDAQ: $BHAT) is quickly becoming a significant force in the gold trading sector, with notable trading volumes reaching 65,783 shares. This increased activity reflects growing investor interest and potential for innovation in the industry.

Gold prices hit highs and $BHAT is making waves. Trading on NASDAQ with a market cap of $30.19M+, Blue Hat Interactive is riding the gold volatility wave. Current price: $0.577, up 11.61%. Monitor this stock for potential gains amid gold’s bullish outlook.

Blue Hat Interactive (NASDAQ: $BHAT) is at the forefront of AI-driven gold trading. With a current price of $0.5086 and a +1.72% hike, it’s a promising investment in the gold market.

"Blue Hat's bold shift to gold trading is driving a new era of growth, capitalizing on AI-driven innovations and strong market demand.

Blue Hat Interactive (NASDAQ: $BHAT) closed at $0.5244 today, up +4.88%. This positive movement highlights the company's expanding role in the gold market and its innovative approach. As Blue Hat evolves, its stock performance reflects growing investor confidence.

In a volatile global economy, Blue Hat Interactive Entertainment Technology ($BHAT) stands out. With a market cap of $28,241,409, $BHAT is emerging as a key player in gold trading. As gold remains a stable investment, consider $BHAT for your portfolio.

Invest in Blue Hat Interactive Entertainment Technology (NASDAQ: $BHAT) and gain exposure to the gold trading sector. With today’s high of $0.468 and a low of $0.43, the company is making significant progress. In today’s volatile financial landscape, gold’s enduring value remains a critical asset.

In the gold trading market, Blue Hat Interactive (NASDAQ: $BHAT) is gaining ground. BHAT, which has a market capitalization of 37,374,900, uses the stable value of gold as a hedge against inflation and market volatility.

$BHAT specializes in AR interactive games and toys in China, including products like AR Racer and Talking Tom. Trading at $0.6709, the company’s revenue primarily comes from its game series.

BHAT............................https://stockcharts.com/h-sc/ui?s=BHAT&p=W&b=5&g=0&id=p86431144783

First Half of 2023 loss from operations of US$4.07 million, an increase of 69.79% from loss from continuing operations of US$2.40 million in the prior-year period

Yikes pump didnt last long

NEWS
Blue Hat Announces Financial Results for the First Half of 2023, Highlighted by 5,657.93% Increase in Revenues to $46.30 million
XIAMEN, China, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), primarily a company of commodity trading in China, today announced its unaudited financial results for the six months ended June 30, 2023 (“First Half of 2023”).

First Half of 2023 Financial Highlights

First Half of 2023 total revenues of US$46.30 million, compared to US$0.80 million in the prior-year period, due to that increased commodity trading.
First Half of 2023 gross profit of US$0.08 million, a decreased of 70.87% from US$0.26 million in the prior-year period. This is due to the lower gross profit margin of mass goods due to greater fluctuations in purchasing and selling prices.
First Half of 2023 loss from operations of US$4.07 million, an increase of 69.79% from loss from continuing operations of US$2.40 million in the prior-year period.
Net loss from continued operation increased 77.52% to US$4.36 million for the First Half of 2023, from US$2.46 million in the prior-year period.
Net income from discontinued operation is US$4,894 for the First Half of 2023, comparing with the net loss from discontinued operation of US$3.71 million in the prior-year period.
US$0.13 million in cash and cash equivalents as of June 30, 2023.
Management Commentary

The COVID-19 outbreak since early 2020 has had a negative impact on the global economy and our financial performance has been negatively impacted. Mr. Xiaodong Chen, CEO of Blue Hat, stated, “In order to cope with the current situation of the economy environment, some adjustments have been made to the Company’s business, and the Company has suspended the AR Immersive Course (ARIC), game and communication business, which were severely affected by the COVID-19 pandemic. The Company has been focusing on the commodity supply chain, commodity trading platform project and increasing the breadth of the Company’s business. At the same time, the Company has increased the investment and development in some new projects, which will provide more catalyst for the future development of the Company, to grow the Company steadily and maximize the value for the shareholders.”

Recent Operating Highlights

On March 31, 2023, Blue Hat closed a private placement of 4,000,000 ordinary shares, par value $0.01 per share (referred to hereinafter as the “ordinary shares”) at a price of $0.70 per share to one purchaser and its designated persons without a broker. The aggregate gross proceeds to the Company is approximately $2.80 million.
On May 23, 2023, the Company entered into a Consulting Service Agreement with Wei Deng (the “Consultant”). In consideration of the services to be provided by the Consultant to the Company for one year, the Company issued a total of 500,000 restricted shares of the Company ordinary shares at a price of $1.03 per share.
On June 8, 2023, Fujian Blue Hat Interactive Entertainment Technology Ltd., Fuzhou CSFCTECH Co. Ltd., Fujian Roar Game Technology Co. Ltd. and Fuzhou UC71 Co., Ltd. were deconsolidated from the Company as a result of the termination of the VIE agreements.
First Half of 2023 Results

Total revenues were US$46.30 million for the First Half of 2023, an increase of US$45.50 million, or 5,657.93%, compared to US$0.80 million in the prior-year period. It was due to the increase of commodity trading.

Revenues from sales of commodity trading were US$45.94 million for the First Half of 2023, compared to nil in the prior-year period.

Revenues from sales of information service were US$0.37 million for the First Half of 2023, compared to US$0.66 million in the prior-year period.

Revenues from sales of interactive toys (animation series) were nil for the for the First Half of 2023, compared to US$7,146 in the prior-year period.

Revenues from sales of interactive toys (game series) were nil for the First Half of 2023, compared to US$0.14 million in the prior-year period.

Gross profit decreased 70.87% to US$0.08 million for the First Half of 2023, from US$0.26 million in the prior-year period.

Total gross margin was 0.16% for the First Half of 2023, compared to 32.28% in the prior-year period.

Total operating expenses increased by US$1.49 million for the First Half of 2023, from US$2.65 million in the prior-year period, primarily as a result of increased bad debt expenses in the first half of 2023.

Loss from operations increased 69.79% to loss from operations of US$4.07 million for the First Half of 2023, from US$2.40 million in the prior-year period.

Net loss from continued operation increased 77.52% to net loss from continued operation of US$4.36 million for the First Half of 2023, from US$2.46 million in the prior-year period.

Net income (loss) from discontinued operation increased 100.13% to net income from discontinued operation of US$4,894 for the First Half of 2023, from net loss from discontinued operation of US$3.71 million in the prior-year period.

Basic loss per share from continued operation were US$0.36 for the First Half of 2023, compared to US$0.41 in the prior-year period.

Basic loss per share from discontinued operation were nil for the First Half of 2023, compared to US$0.46 in the prior-year period.

Balance Sheet Highlights

As of June 30, 2023, Blue Hat had cash and cash equivalents of US$0.13 million, working capital of US$4.86 million and total shareholders’ equity (excluding the non-controlling interest) of US$11.89 million, compared to cash and cash equivalents of US$0.07 million, working capital of US$4.12 million and total shareholders’ equity (excluding the non-controlling interest) of US$12.11 million, respectively, as of December 31, 2022.

During the First Half of 2023, the Company completed a private placement by issuing 4 million restrictive ordinary shares. Separate from the above transaction, the Company paid consulting services by issuing 0.5 million restrictive ordinary shares.

About Blue Hat

Blue Hat was formerly a provider of communication services and IDC business, as well as a producer, developer, and operator of AR interactive entertainment games, toys, and educational materials in China. Leveraging years of technological accumulation and unique patented technology, Blue Hat is expanding its business to commodity trading, aiming to become a leading intelligent commodity trader worldwide. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in its forward-looking statements.

Contacts:

Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net




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