Reported Late Thursday March 2, Metalpha Reports Preliminary First Half Period Ended September 30,2022 (1H 2023) Unaudited Results; Revenue Of $3.9M
Metalpha Technology Holding Limited (NASDAQ:MATH) (the "Company" or "Metalpha"), a digital assets service provider, today announced its preliminary unaudited financial results for the six-month period ended September 30, 2022 (the "1H 2023").
In 1H 2023, the Company's revenue from fair value change of proprietary trading digital assets (Trading Revenue）grew by more than 3,000% against the six-month period ended March 31, 2022 ("2H 2022"), rising from just over $122,000 in 2H 2022 to approximately $3.9 million in 1H 2023. The Company has also seen substantial growth of over 300% in its aggregate notional amount of derivative products issuance from about $48.9 million in 2H 2022 to about $198 million in 1H 2023, showing robust demand from Metalpha's global customer base, which includes crypto and blockchain mining companies, institutional investors and family offices. Trading revenue and derivative product issuance are key metrics Metalpha analyzes in evaluating its business scale and success.