moore

The domestic GPU manufacturer Moore Threads released its semi-annual report for 2026, with revenue of 1.736 billion yuan, a year-on-year increase of 147.42%. The net profit attributable to the parent company was a loss of 11.56 million yuan, narrowing by about 259 million yuan compared to the same period last year; the net profit attributable to the parent company after deducting non-recurring gains and losses was a loss of 151 million yuan, narrowing by 52% year-on-year. Revenue in the second quarter was approximately 999 million yuan, a quarter-on-quarter increase of 35.4%. Research and development expenses were 769 million yuan, accounting for 44.3% of revenue. The company stated that the improvement in performance was driven by the demand for AI computing power and the accelerated commercialization of the Kuage Intelligent Computing Cluster.As of the end of the quarter, the book value of inventory was 3.55 billion yuan, an increase of 166.5% compared to the end of last year, reaching a four-year high. The company stated that this was due to proactively increasing stock to meet market demand. On the same day, Moore Threads announced plans to issue H shares and list on the main board of the Hong Kong Stock Exchange, just about 8 months away from its listing on the Sci-Tech Innovation Board in December 2025. If successful, it will achieve an "A+H" layout. The announcement stated that this issuance still requires approval from the shareholders' meeting and regulatory approval, which carries uncertainty. Another domestic GPU manufacturer, Muxi Co., has already launched its H share plan in June, with a shorter interval. Moore Threads is accelerating the development of the new generation "Huagang" architecture and the Huashan and Lushan chips. In the first half of the year, the net cash outflow from operating activities was 2.169 billion yuan, an increase of about 86% year-on-year.

Moore Threads announced that the company held a board meeting to review and approve the proposal for issuing H shares and listing on the main board of the Hong Kong Stock Exchange. The company plans to issue overseas listed foreign shares (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange, and will choose an appropriate time and issuance window to complete this issuance and listing within the validity period of the shareholders' meeting resolution or other periods extended with shareholder consent.This issuance still requires review by the shareholders' meeting and must obtain relevant government and regulatory agency filings, approvals, and/or authorizations. Currently, specific details have not been determined, and there is significant uncertainty regarding its implementation.Moore Threads is a domestic semiconductor company in China, focusing on the independent research and development and design of full-featured GPUs (General-Purpose Graphics Processors).

Star responded on social media regarding the topic of "Mole Thread co-founder Li Feng borrowing 1500 BTC from Star and not returning it while going missing," stating, "One cannot always stay in the shadow of negative history. Looking to the future, let’s contribute more positive energy. Debt issues should be handled by the law. Best wishes to every entrepreneur."ChainCatcher previously reported that Mole Thread surged nearly 470% on its first day of listing on the Sci-Tech Innovation Board on December 5, with a market value exceeding 300 billion yuan. However, at the same time, co-founder Li Feng's past controversies in the crypto industry have drawn renewed attention.The report pointed out that in 2017, Li Feng participated in the issuance of a token project called "Malle Go Coin (MGD)" along with Li Xiaolai and others. The project raised about 5000 ETH during the ICO boom, but several aspects of the team background in the white paper were alleged to be exaggerated, and some uses of funds were opaque. Under regulatory pressure, the project was later renamed "Alpaca Coin." Additionally, in 2018, OKX founder Star publicly accused Li Feng of failing to return 1500 bitcoins borrowed and stated that legal proceedings had been initiated in both China and the U.S.The borrowing agreement presented by Star at that time showed that both parties first signed the agreement in 2014, and it was renewed in 2017 due to a request for an extension, but ultimately, a default occurred. Due to issues with cross-border enforcement and the legal recognition of virtual assets, this dispute has yet to reach a clear resolution.

According to Foresight News, Moore Threads surged nearly 470% on its first day of listing on the Sci-Tech Innovation Board on December 5, with a market value exceeding 300 billion yuan. However, at the same time, the past controversies of co-founder Li Feng in the cryptocurrency industry have once again drawn attention.The report pointed out that in 2017, Li Feng, along with Li Xiaolai and others, participated in the issuance of a token project called "Malle Go Coin (MGD)." The project raised about 5,000 ETH during the ICO boom, with several team background claims in the white paper being accused of exaggeration and some fund usage being opaque. Under regulatory pressure, the project was renamed "Alpaca Coin." Additionally, in 2018, OKX founder Star publicly accused Li Feng of borrowing 1,500 bitcoins and failing to repay them on time, claiming that legal proceedings had been initiated in both China and the United States.The borrowing agreement presented by Star at the time showed that the two parties first signed the agreement in 2014, and it was renewed in 2017 due to a request for an extension, but ultimately, a default situation still occurred. Due to issues related to cross-border enforcement and the legal recognition of virtual assets, this dispute has yet to reach a clear resolution.

ChainCatcher News, President Trump announced: "I have chosen current Chairman of the Council of Economic Advisers Stephen Miran to fill the recently vacated seat on the Federal Reserve Board, with a term ending on January 31, 2026. Meanwhile, we will continue to search for a long-term replacement for the Federal Reserve position. Stephen holds a Ph.D. in Economics from Harvard University and has performed excellently in my first administration. He has been with me since the beginning of my second term, and his expertise in the economic field is unparalleled—he will do an outstanding job. Congratulations, Stephen."It is reported that Stephen Ira Miran is an American economist and currently serves as the Chairman of the White House Council of Economic Advisers (since March 2025). He graduated from Boston University (2005, majoring in Economics, Philosophy, and Mathematics) and obtained his Ph.D. in Economics from Harvard University (2010, under the supervision of Martin Feldstein). Miran served as a Senior Economic Policy Advisor at the U.S. Department of the Treasury from 2020 to 2021, participating in fiscal support efforts during the pandemic, such as the Paycheck Protection Program in the CARES Act. He is currently a Senior Strategist at Hudson Bay Capital Management and a co-founder of the asset management firm Amberwave Partners, as well as a part-time researcher at the Manhattan Institute. Miran supports Trump's economic protectionist policies, advocating for the use of tariffs to reduce trade deficits and promote the revaluation of the dollar against other currencies.

ChainCatcher news, according to TechCrunch, NVIDIA CEO Jensen Huang stated in his CES speech that the performance improvement rate of the company's AI chips has surpassed Moore's Law.He pointed out that NVIDIA's latest data center superchip GB200 NVL72 is 30-40 times faster in AI inference tasks compared to the previous generation H100, and the overall chip performance has improved by 1000 times over the past decade.Jensen Huang emphasized that by synchronizing innovations at the levels of architecture, chips, systems, libraries, and algorithms, NVIDIA is able to achieve progress beyond Moore's Law. He also predicted that as chip performance continues to improve, the costs of high-computation-demand AI inference models, such as OpenAI's o3 model, will gradually decrease.

ChainCatcher news, Sun Protocol announces the completion of its first round of seed financing, with participation from the Moore Foundation and DFG. This round of financing will be used for market-making funds and to support developers in building the Sun Protocol ecosystem.Sun Protocol brings together the main technical architecture of Web3 and dapps on the same network, allowing users to fully experience all activities of Web3 within the Sun Protocol framework.

ChainCatcher news, accounting firm MooreHK announced on social media that it will officially begin providing attestation services for TUSD, with current reserves at 101%. In addition to continuing its collaboration with The Network Firm, the upgraded attestation report also discloses further details about the reserve funds held by TUSD's financial and trust partners.

ChainCatcher news, according to official sources, the stablecoin TUSD has reached a partnership with the renowned accounting firm Moore Hong Kong ("MooreHK") to provide daily attestation services and daily reserve proof reports starting from mid to late January 2024. This is another significant initiative by TUSD to develop its international strategy, which positively contributes to enhancing the transparency of TUSD's reserve information and steadily promotes TUSD to become a leading stablecoin in the industry.It is reported that TrueUSD (TUSD) is the first stablecoin pegged to the US dollar, with on-chain real-time verification provided by an independent third-party institution. It is currently listed on over 100 trading platforms, including Binance and HTX, and circulates on more than a dozen mainstream public chains such as Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. For a long time, TUSD has been committed to establishing a benchmark for transparency in the stablecoin ecosystem, providing a new model for the industry in reserve auditing and on-chain reserve proof.