MicroAlgo Surges to 20th in Daily Rankings with $234.5 Million Trading Volume

On March 24, 2025, MicroAlgo (MLGO) experienced a significant surge in trading volume, with a turnover of $234.5 million, marking a 19727.77% increase from the previous day. This substantial rise in trading activity placed MicroAlgo at the 20th position in the daily stock market rankings. The stock price of MicroAlgo soared by 455.16%.

MicroAlgo Inc. has announced its intention to issue additional new shares at a price of $0.8 per share. This decision is part of the company's plan to fulfill the terms of a $20 million convertible bond purchase agreement signed with creditors on October 7, 2024. The agreement stipulates that the bonds can be converted into common shares at a price equal to 70% of the lowest closing market price during the 60 trading days preceding the conversion request. The issuance of new shares is specifically aimed at repaying the debt under the terms of the convertible bond agreement.

MicroAlgo Inc. is dedicated to the development and application of bespoke central processing algorithms. The company provides comprehensive solutions to customers by integrating these algorithms with software or hardware, helping them to increase customer numbers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and meet technical goals. The range of MicroAlgo's services includes algorithm optimization, accelerating computing power without hardware upgrades, lightweight data processing, and data intelligence services. This ability to efficiently deliver software and hardware optimization through bespoke central processing algorithms is a key driver for MicroAlgo's long-term development.