Summary by Moomoo AI
BC Tech Group (OSL Group Limited) announced a positive earnings forecast on July 31, 2024. It is expected that the net loss for the six months ending June 30, 2024 will be greatly reduced by about 90% compared to the same period in 2023. This significant performance improvement is mainly due to the successful implementation of cost-saving plans, the addition of new strategic investors and management team, and the recovery of the global digital asset market. Especially against the backdrop of rising prices for major digital assets such as Bitcoin and Ethereum, the demand for digital asset trading, custody, and technology services in the market continues to grow. In addition, the launch of Digital Asset Exchange-Traded Funds (ETFs) provides a new way for institutional...Show More