Fatfish Group (ASX:FFG) has announced a successful capital raise of A$1.5 million. The funds will be allocated to boost investments in blockchain mining, digital gaming, and strategic frontier technology assets. This move aims to enhance operations at Minerium and further invest in AI-driven game development.
Fatfish Group has successfully secured A$1.5 million through a placement, surpassing their initial target. The funds will be used to scale blockchain mining activities at Minerium, a firm partly owned by Fatfish, and to support AI-driven game development at Al Gaming Co Sdn Bhd. The company plans to launch a social gaming platform on Telegram and explore further frontier technologies. Despite acknowledging the high-risk nature of cryptocurrency investments, Fatfish remains committed to regulatory compliance. The settlement for the placement is expected by the end of November, with new shares and options issued shortly after.
We are pleased with the strong support from the market, which underscores our focus on frontier technologies including blockchain, gaming, and AI.