Moor Threads: Net profit of 29.36 million yuan in the first quarter, achieving a turnaround from loss to profit during the period

ME News Report, April 26 (UTC+8), Moorthrend announced that in the first quarter of 2026, Moorthrend achieved revenue of 738 million yuan, a year-on-year increase of 155.35%. The net profit attributable to shareholders in the first quarter was 29.36 million yuan, compared to a loss of 112 million yuan in the same period last year. During the reporting period, the company focused on the research and development and innovation of full-function GPUs, with products achieving large-scale deployment, thereby promoting rapid revenue growth.
Previous news, “China’s first domestic GPU stock” Moorthrend co-founder Li Feng was exposed for raising funds in the crypto circle and borrowing 1,500 BTC without repayment. (Source: PANews)

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