Complete List of All AI Companies Under $2 Billion Market Cap

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20. Mercurity Fintech Holding Inc. (NASDAQ:MFH)

Market Capitalization: $509 Million

Number of Hedge Fund Holders: N/A

Mercurity Fintech Holding Inc. (NASDAQ:MFH) is a digital fintech company operating in North America and the Asia-Pacific region, focusing on distributed computing and digital consulting. The company provides secure financial solutions to individuals and businesses, aiming to advance digital finance. Its offerings include innovative services powered by artificial intelligence.

On January 15, Mercurity Fintech (NASDAQ:MFH) announced the completion of a private investment in public equity (PIPE) financing on January 9, 2025. The company entered into a securities purchase agreement, selling 1,370,000 ordinary shares to an institutional investor at US$5.87 per share, generating approximately US$8,041,900 in gross proceeds. The company plans to use the funding to advance its AI hardware manufacturing and develop innovative liquid cooling solutions.

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