Singapore fintech company Antalpha, specializing in the Bitcoin mining ecosystem, reported a 423% year-on-year increase in net income for the first quarter of 2025, reaching 1.46 million USD. The company's unaudited Q1 financial report shows total revenue increased by 41% year-on-year to 13.60 million USD. Antalpha provides digital asset lending, financing, and risk management solutions for Bitcoin miners through its Antalpha Prime platform. It is a strategic partner of Bitmain and was listed on Nasdaq last month. The company attributes profit growth to the scalability of the Antalpha Prime platform. Chief Financial Officer Paul Liang stated that the platform's scalability allows profit growth to outpace revenue growth. The company is also exploring new areas such as Ethereum staking loans and GPU financing for AI inference computing. In Q1, the company earned 3.50 million USD in technical platform fees from Bitcoin loans, a year-on-year increase of 286%, and 10.10 million USD in supply chain loan technical financing fees, up 15% year-on-year. Antalpha raised 56.70 million USD in its May IPO, with Tether purchasing 1.90 million shares, accounting for 8.1% of the shares, and acquiring 20 million USD worth of Tether Gold to hedge against macroeconomic volatility. The company forecasts Q2 revenue between 16 million and 17 million USD, affected by market uncertainties. The stock closed down 4.69% on the day and rose 6.64% after hours.

XAUT

Singapore-based fintech firm Antalpha, which focuses on the bitcoin mining ecosystem, saw its net income expand 423% year-over-year to $1.46 million in the first quarter of 2025.The company's unaudited first-quarter results, released Tuesday, showed total revenue rose 41% year-on-year to $13.6 million, up from $9.65 million.Antalpha provides digital asset lending, financing, and risk management solutions, primarily for bitcoin miners, through its Antalpha Prime platform. It is also a strategic partner of Bitmain. The company went public on the Nasdaq last month.In the release, the firm credited its Antalpha Prime platform as the key driver behind the profit growth."The scalability of Antalpha Prime's fintech platform has enabled us to grow profitability faster than revenue," said Antalpha CFO Paul Liang. "On top of our strong core business, the company is exploring new areas of digital asset lending, including enabling our partners to provide Ethereum-collateralized loans and our clients to finance GPUs for AI inference computing.”Breaking down its revenue structure, the company generated $3.5 million in tech platform fees from bitcoin loans in the first quarter, marking a 286% year-on-year increase. It also recorded $10.1 million in tech financing fees from supply chain loans, up 15% over the same period.In its May IPO, Antalpha raised $56.7 million by issuing 4.4 million shares, with Tether acquiring 1.9 million shares for an 8.1% stake. The company also acquired $20 million in Tether Gold (XAUt) to hedge macroeconomic volatility and support its lending collateral pool.The fintech firm forecasted second-quarter revenue of $16 million to $17 million, subject to market uncertainties.Meanwhile, Antalpha shares closed down 4.69% on Tuesday at $12.19, but recovered 6.64% in after-hours trading, according to Google Finance data.

Antalpha's Q1 net income surged 423% year-over-year, focusing on the Bitcoin mining ecosystem