PANews reported on April 26th that, according to Jinshi, Moore Threads announced that in the first quarter of 2026, it achieved revenue of 738 million yuan, a year-on-year increase of 155.35%. Net profit attributable to shareholders 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 R&D and innovation of full-featured GPUs, achieving large-scale product deployment, which in turn promoted rapid revenue growth.

Previous reports indicated that Li Feng, co-founder of Moore Threads, the "first domestic GPU stock," was exposed for issuing cryptocurrency to raise funds and for borrowing 1,500 BTC without repaying.