Yueda Digital Holding

Yueda Digital Holding is a Web3 and digital-economy company focused on the cryptocurrency business. The company's strategy involves identifying and evaluating potential partnerships across financial technology and blockchain ecosystems and developing its Bitcoin (BTC) and Ether (ETH) treasury framework. Its primary business activities consist of third-party hosted self-mining operations using its fleet of cryptocurrency mining machines. Future activities are expected to include active treasury management of mainstream digital assets, exploration of compliant yield opportunities such as staking and on-chain liquidity provision, selective investments and partnerships in Web3 infrastructure and applications, and advisory services for enterprises entering the digital-asset economy. Yueda Digital Holding strategically diversified into cryptocurrency mining in 2021, generating revenue of $2.6 million in 2021, $0.2 million in 2022, and nil in 2023. In March 2024, the company disposed of its crypto-mining subsidiary due to Ethereum's shift from Proof of Work (PoW) to Proof of Stake (PoS) in 2022. However, in May 2024, the company reentered the cryptocurrency business, shifting its focus to the Bitcoin market, which relies on PoW mining using dedicated ASIC miners. The cryptocurrency mining business generated US$28.2 million in mining revenue for the year ended December 31, 2025, substantially all of which was generated via a Hosting Agreement with BTC KZ. On May 30, 2024, the company entered into an agreement to purchase 6,218 units of Bitcoin Miner S21 for approximately RMB177.2 million.