Digital Currency X Technology Inc. Annual Report - A Major Pivot

If you follow Digital Currency X (formerly CJET), pay close attention. The company has hit the "reset" button. It is transforming from a struggling car manufacturer into a high-risk, high-reward digital asset company.

1. The Big Pivot: From Cars to Crypto

The company has exited the electric vehicle (EV) business. In March 2026, it sold its EV manufacturing arm, Chijet Inc., for $1. This was a strategic move to stop losing money, as the car business had generated over $100 million in operating losses.

The company now operates as a holding entity with two main pillars:

• DexTrader: A data and trading platform for crypto investors. It aims to be a "Bloomberg Terminal" for digital assets, offering real-time market data and trading tools.
• Digital Asset Treasury: The company now focuses on holding digital currencies. It also uses "staking," where it locks up crypto holdings to help validate network transactions in exchange for rewards.

2. Financial Health: A "Clean Slate" Strategy

By labeling the old car business as "discontinued," the company has separated its past financial struggles from its new model. However, this means the company effectively functions as a startup with no track record in its current field.

The financial history shows the heavy cost of the old business:

• Historical Losses: The company lost $30 million in 2025, $69 million in 2024, and $98 million in 2023. These figures highlight the massive cash drain from the now-sold car business.
• The New Treasury: As of December 31, 2025, the company held digital assets worth about $402 million. Because of this, the company’s value now rises and falls directly with the price of cryptocurrencies.

3. What Investors Need to Know

This new crypto-focused model brings a very different set of risks:

• Management Mismatch: The current leaders have backgrounds in car manufacturing and supply chains. They are currently in the process of recruiting experts to lead these new digital asset units.
• Extreme Volatility: Because the company’s main assets are volatile digital currencies, its total value can change rapidly. A crypto market crash would directly shrink the company’s capital.
• Tech Risks: The company uses DeFi protocols to earn rewards. These protocols face "smart contract risk," meaning coding errors could lead to the permanent loss of assets.
• Security: The company is building its own internal system to store its digital assets. Any security failure or cyberattack could result in the total loss of the company’s treasury.

4. The Bottom Line

The company has shed the burdens of car manufacturing but has entered a high-stakes "survival mode." With no proven track record in software or crypto management, it expects to keep losing money while it builds the DexTrader platform.

The Verdict: This is a speculative play. You are no longer investing in a car maker; you are investing in a crypto-treasury startup. Before deciding, ask yourself if you are comfortable with the company's lack of experience in the crypto sector and if you are prepared for the extreme price swings inherent in a business model tied directly to digital asset markets.