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BEIJING, March 27, 2025 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ:WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced it has increased its stake in MicroAlgo Inc (NASDAQ:MLGO) to 67.65% and committed to a ten-year lock-up period for all currently owned MicroAlgo shares. As of March 27, 2025, WIMI Hologram Cloud Inc holds 40,000 Class A ordinary shares, 1,810,658 Class A ordinary shares (restricted), and 44,878,261 Class B ordinary shares (restricted) of MicroAlgo Inc. (NASDAQ:MLGO) ("MicroAlgo Inc."), representing a total equity stake of 67.65% of MicroAlgo's total shares outstanding. WIMI has no plans to sell or ot
SHENZHEN, March 24, 2025 (GLOBE NEWSWIRE) -- MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share. Shenzhen, China, March. 24, 2025 – MicroAlgo Inc. (NASDAQ:MLGO), (the "Company"or "MicroAlgo"), today announced the plan to issue more new shares. Considering that MicroAlgo Inc. entered into a convertible bond purchase agreement with creditors on October 7, 2024, with a total amount of US$20 million. These bonds have a maturity period of 360 days. According to the convertible bond purchase agreement, the bonds are convertible into common shares at a conversion price equal to 70% of the lowest closing market price during the 60 trading days preceding t
SHENZHEN, China, March 21, 2025 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ:MLGO), (the "Company"or "MicroAlgo"), today announced the plan to issue more new shares, considering that MicroAlgo Inc. entered into a convertible bond purchase agreement with creditors on October 7, 2024, with a total amount of US$20 million. These bonds have a maturity period of 360 days. According to the convertible bond purchase agreement, the bonds are convertible into common shares at a conversion price equal to 70% of the lowest closing market price during the 60 trading days preceding the conversion request. MicroAlgo Inc. has received notice from the creditors under this US$20 million convertible bond purchase
SHENZHEN, China, March 17, 2025 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ:MLGO), (the "Company"or "MicroAlgo"), today announced the introduction of an innovative solution: a multi-simulator collaborative algorithm based on subgraph isomorphism, aimed at overcoming the limitations of qubit numbers and leveraging the advantages of distributed computing to enhance the performance of quantum computers. The core concept of MicroAlgo's multi-simulator collaborative subgraph isomorphism algorithm is to decompose large quantum circuits into multiple smaller sub-circuits, leveraging parallel and distributed computing techniques to distribute computation tasks across multiple quantum computers or quantu
SHENZHEN, China, March 14, 2025 /PRNewswire/ -- MicroAlgo Inc. (the "Company" or "MicroAlgo") (NASDAQ: MLGO), today announced that their research and development team has improved the stability and practicality of the algorithm by optimizing the quantum circuit design, reducing the qubit error rate, which enhances the performance of the Grover algorithm in real-world applications. Throughout the entire technical process, MicroAlgo focuses on the stability and practicality of the algorithm. Through meticulous quantum circuit design and efficient quantum programming tools, they ensure that the Grover algorithm performs excellently in practical applications. Quantum State Initialization: The q
SHENZHEN, China, March 13, 2025 /PRNewswire/ -- MicroAlgo Inc. (the "Company" or "MicroAlgo") (NASDAQ: MLGO), today announced that their research team has used quantum neural networks to classify and extract features from data in databases, focusing the search space on subsets that are more likely to contain the target. By leveraging feature extraction and pattern recognition techniques in quantum machine learning, they preprocess and filter the features of the database in advance, narrowing down the search range. Grover's algorithm is then applied for precise searching, thereby improving search efficiency. Quantum Neural Networks, an emerging technology that combines the principles of quan
SHENZHEN, China, Jan. 2, 2025 /PRNewswire/ -- MicroAlgo Inc. (the "Company" or "MicroAlgo") (NASDAQ: MLGO), today announced the development of an innovative hybrid algorithm that combines the advantages of classical and quantum computing to optimize Multi-Query Optimization (MQO) problems. Quantum computing is a technology that uses the principles of quantum mechanics to process information. Compared to traditional classical computers, quantum computers exhibit the potential to outperform classical computers in handling certain types of problems, such as search, optimization, and simulating quantum systems. However, the realization of quantum computers faces technical challenges, particular
SHENZHEN, China, Dec. 31, 2024 /PRNewswire/ -- MicroAlgo Inc. (the "Company" or "MicroAlgo") (NASDAQ: MLGO), today announced the successful development of a groundbreaking quantum algorithm technology, specifically a FULL adder operation based on CPU registers in quantum gate computers. This innovative technology brings new possibilities to the development of quantum computing. It not only significantly enhances the efficiency and accuracy of quantum computers when performing complex computational tasks but also opens new pathways for the design and implementation of quantum gate computers. In classical computing, computers represent data and perform computations using bits (0 or 1). At any
BEIJING, June 4, 2024 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ:MLGO) (the "Company" or "MicroAlgo"), today announced that MicroAlgo and WiMi will jointly establish a micro-consciousness quantum research center. It will integrate physics, mathematics, medicine, genetics, computer science, biology, polymer chemistry, philosophy, psychology, sociology, and many other disciplines to form a comprehensive research institute based on various disciplines centered on consciousness. Research in basic science is a long process that requires a long-term commitment from scientists. At the same time, it also requires the support and promotion from the society and enterprises. Against the backdrop, MicroAlg
BEIJING, June 4, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ:WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that WiMi and MicroAlgo will jointly establish a micro-consciousness quantum research center. It will integrate physics, mathematics, medicine, genetics, computer science, biology, polymer chemistry, philosophy, psychology, sociology, and many other disciplines to form a comprehensive research institute based on various disciplines centered on consciousness. Research in basic science is a long process that requires a long-term commitment from scientists. At the same time, it also requires the support a
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