What is ETHZilla's latest dividend and current dividend yield?

What guidance did ETHZilla's management provide for the next earnings period?

What does ETHZilla do and what are its main business segments?

What is the revenue and EPS growth rate for ETHZilla year over year?

What were the key takeaways from ETHZilla’s earnings call?

Did ETHZilla beat or miss consensus estimates last quarter?

What is the market's earnings forecast for ETHZilla next quarter?

What factors drove the changes in ETHZilla's revenue and profit?

- **Strategic Pivot Success**: $931M capital raise and 102,000 ETH deployment generated $4.1M Q3 yield, 7% annualized.
- **Tokenization Breakthrough**: First real-world asset listings on Liquidity.io imminent, targeting $25M-$100M token pools.
- **Financial Resilience**: $558M cash, $1.01B total assets, 3.5%-4.5% Q4 yield guidance.
- **Shareholder Value**: 2.1M shares repurchased, reducing NAV discount and signaling growth confidence.
- **DeFi Integration**: Tokenized assets will enable DeFi collateralization, amplifying on-chain capital efficiency.

**【CEO Summary Section】**
- ETHZilla rebranded and pivoted to digital asset management, raising $931 million through private placements and convertible notes.
- Deployed ~102,000 ETH ($415M) into restaking protocols, generating $4.1M in Q3 yield (7% annualized) via partnerships with Electric Capital, Ether.fi, and Puffer Finance.
- Launched tokenized real-world assets platform with Liquidity.io, targeting aerospace, consumer credit, and real estate assets, with first listings expected soon.
- Repurchased 2.1M shares ($46.3M) to capitalize on undervalued NAV, signaling confidence in long-term growth.
- Focus on high-yield ETH deployments (3.5%-4.5% Q4 run rate) and regulated DeFi infrastructure for institutional investors.

**【CFO Financial Commentary】**
- Q3 revenue: $4.1M (staking yields + interest income), vs. $0 in prior periods.
- Net loss: $208.7M (driven by $209M stock-based comp for warrants issued in restructuring).
- Adjusted EBITDA: $8.5M (vs. -$1.35M YoY), reflecting operational turnaround.
- Balance sheet: $1.01B total assets, $558.9M cash, $180.9M digital assets, $257.6M staking receivables.
- Repurchased 2.1M shares since Sep 1, reducing dilution and enhancing NAV per share.

**【Q&A Key Highlights】**
- **Asset Tokenization Focus**: Aerospace, consumer credit, and real estate assets, starting with $25M-$100M token pools vs. traditional $200M+ securitizations.
- **Business Model**: Yield from asset ownership, management fees, and carry (10%-20% of tokenized asset yield).
- **Competitive Differentiation**: Bridges TradFi/DeFi with regulated infrastructure, vs. pure Treasuries like Figure/Securitize.
- **Yield Strategy**: Opportunistically deploy ETH in high-yield Layer 2 protocols (7.5%-11%+), balanced against share repurchases.
- **Interoperability**: Tokenized assets will be collateralizable in DeFi, enabling on-chain leverage and yield enhancement.

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