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HONG KONG - Metalpha Technology Holding Limited (NASDAQ:MATH), a $248.55 million market cap company specializing in digital asset wealth management, has announced the appointment of Mr. Liu Yi as Senior Advisor for its crypto mining partnerships. According to InvestingPro data, the company maintains strong financial metrics with a P/E ratio of 8.78 and annual revenue of approximately $207 million. Mr. Liu, with over 15 years of experience in the cryptocurrency mining and technology industries, previously served as CEO of Baohui Innovation Technology Limited, Africa’s largest crypto mining firm. His expertise is expected to enhance Metalpha’s role in the crypto mining ecosystem.
Alongside Mr. Liu’s appointment, Metalpha has introduced its Crypto Mining Sustainable Partnership Program. This program aims to establish strategic alliances with mining partners globally, providing advisory services and financial solutions to support sustainable growth. The initiative underscores Metalpha’s commitment to fostering an interconnected ecosystem that promotes the success of crypto miners through improved capital access, risk management, and strategic collaboration.
In 2024, Metalpha developed a Bitcoin Miner Index in partnership with Antalpha and FTSE Russell, tracking a portfolio of listed Bitcoin mining companies, to offer institutional investors a more effective means of gaining exposure to BTC mining. Furthermore, in 2023, the company collaborated with the Litecoin Foundation to create hedging solutions and promote sustainable mining practices within the Litecoin ecosystem.
Metalpha’s contribution to the sector also includes a donation made through the Hong Kong Sustaintech Foundation in 2022, supporting research at the Hong Kong Polytechnic University focused on BTC mining and carbon neutrality.
Metalpha’s subsidiaries provide virtual asset-linked wealth management products and services globally, drawing top talent from Wall Street banks to deliver crypto derivative products to various institutions, including exchanges, crypto mining companies, investment funds, and family offices. The company, backed by Metalpha Technology Holding Limited and Antalpha Technologies Limited, is recognized as one of Asia’s largest derivatives traders. InvestingPro analysis reveals the company’s robust financial health with a "GREAT" overall score, supported by a strong current ratio of 2.11 and impressive return on equity of 36%. For detailed financial metrics and additional insights, investors can access more than 30 exclusive ProTips and comprehensive analysis through InvestingPro.
The information in this article is based on a press release statement. The forward-looking statements included in the press release are subject to risks and uncertainties that could cause actual results to differ from those projected.
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