Mercurity Fintech reports 1H EPS 0c vs. 0c last year

Reports 1H revenue $783,089 vs. $5,864 last year. Shi Qiu, CEO, commented, "MFH has reinvented itself in the first half of 2022 with the changes of our Board of Directors and the management team, and has focused on setting the foundations for future business opportunities. Specifically, we have been divesting certain operations in Asia and moving toward global operations focusing on the United States. These are significant changes and as our Company continues to evolve with the future blockchain technologies, we expect to profit considerably in years to come. Despite the crypto winter and unpredictable capital markets, we are satisfied with how our Company has navigated these difficult market conditions; having increased revenue, cut overhead costs, and received significant investments through three rounds of financing in the fourth quarter of 2022. Through the capital raises and recent management restructuring, we have reaffirmed our Company’s core values with a focus on our shareholders and have set the foundations for robust future growth opportunities in 2023."