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Yueda Digital Holding
Yueda Digital Holding approved a 1-for-10 share consolidation during its extraordinary general meeting of shareholders held on September 13, 2026. This resolution mandates the consolidation of Class A and Class B ordinary shares and includes the adoption of the fifth amended memorandum and articles of association to reflect the change.…more
Yueda Digital Holding
Yueda Digital Holding reported revenue of $21.56 million for the first half of 2026, but incurred a net loss of $60.8 million due to a $49.23 million impairment charge on long-lived assets amid declining cryptocurrency prices. While the company expanded its mining operations by adding 17,403 mining rigs, it recorded a gross loss of $10.28 million as mining costs and facility depreciation outpaced revenues.…more
Yueda Digital Holding
Yueda Digital Holding will hold an extraordinary general meeting of shareholders on September 14, 2026, to approve a 1-for-10 reverse stock split. The company is implementing this share consolidation to increase its per-share trading price and maintain compliance with Nasdaq's minimum bid price requirement to avoid potential delisting.…more
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