Zeta Network Group (ZNB)
Bitcoin-mining compute provider using hosted Kazakhstan equipment.
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Provides Bitcoin-mining computation to a third-party mining pool, earning Bitcoin for delivered hash calculations and converting it into USDT. Its latest reported revenue came entirely from this hosted Kazakhstan equipment operation, while the Cayman parent has stated a broader digital-asset treasury and liquidity strategy.
Operates Bitcoin-mining equipment through Hong Kong subsidiary Model Queen Limited, with hardware hosted by BTC KZ in Kazakhstan and connected to a third-party mining pool. It supplies hash calculations on a compute-on-demand basis, receives Bitcoin under a Full-Pay-Per-Share arrangement, and converts mined Bitcoin into USDT. Consulting operations had no reported revenue, and the former entertainment business is discontinued.
Has stated an ambition to build a Bitcoin-centric institutional-finance platform spanning treasury management, liquidity aggregation, and mining, while its demonstrated ongoing operation is mining. Economics depend on mining hardware uptime, electricity and hosting costs, network difficulty, Bitcoin-denominated rewards, one customer, and a Kazakhstan host that holds a first-priority security interest in the equipment.
Company facts
Categories
No analyst consensus on record.
Not reported.
Balance sheet, Dec 31, 2025Cash & short-term investments $1.7M · Total debt $12.7M · Total assets $195.6M · Shareholders' equity $179.6M
- Revenue
- $16.9M
- Operating income
- −$4.3M
- Net income
- −$97.1M
No dividends on record.
| Institutions4 holders · as of Mar 31, 2026 | 3.08% | 7.1K shares | |
| Strategic holders1 holder · as of Sep 2, 2026 | 1.26% | 2.9K shares | |
| Otherremainder | 95.66% | 221.6K shares |
231.6K company shares as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Anson Funds Management LPInstitution | 1.77% | 32,788 | 13Fas of Mar 31, 2026 |
HRT Financial LPStrategic10 percent owner | 1.26% | 2,913 | Form 4filed Sep 2, 2026 ↗ |
L1 Global Manager PTY LtdInstitution | 1.19% | 21,964 | 13Fas of Mar 31, 2026 |
UBS Group AGInstitution | 0.12% | 2,279 | 13Fas of Mar 31, 2026 |
Tower Research Capital LLC (TRC)Institution | 0.00% | 13 | 13Fas of Mar 31, 2026 |
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | HRT Financial LP | 10 percent owner | −2,307 | $1.61 |
| Aug 31, 2026 | HRT Financial LP | 10 percent owner | +1,295 | $1.68 |
| Aug 28, 2026 | HRT Financial LP | 10 percent owner | +1,303 | $1.67 |
| Aug 27, 2026 | HRT Financial LP | 10 percent owner | +64 | $1.76 |
| Aug 26, 2026 | HRT Financial LP | 10 percent owner | −1,040 | $1.75 |
- MARA
Scale rival in Bitcoin mining and digital-asset treasury operations.
- Riot Platforms
Large U.S. self-mining fleet with integrated power and engineering.
- CleanSpark
Pure-play U.S. Bitcoin miner competing on power and fleet execution.
- Core Scientific
Scaled self-mining and colocation operator competing for hash rate and power.
- Hut 8
Power-and-compute platform with Bitcoin mining and a strategic reserve.
- Cipher Digital
Industrial Bitcoin-mining data centers competing on Texas power and scale.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Zeta Network Group | $1.61 | −3.01% | $379.9K | — | — | 0.0 | — |
| MARA | $10.46 | −0.05% | $3.99B | — | — | 5.0 | −26.7% |
| Riot Platforms | $18.58 | −0.27% | $7.05B | — | — | 10.4 | +13.9% |
| CleanSpark | $11.30 | −0.22% | $2.91B | — | — | 4.3 | −30.5% |
| Core Scientific | $16.71 | −0.57% | $5.40B | — | 317.8 | 12.3 | +108.8% |
| Hut 8 | $80.60 | −0.09% | $9.08B | — | — | 31.3 | +81.4% |
| Cipher Digital | $15.02 | −0.98% | $6.21B | — | — | 32.5 | −43.0% |
| Median | — | 317.8 | 11.4 | −6.4% |