Enlightify Inc (ENFY) is a company that, based on its 10-K filed 2025-10-21 (accession 000121390025100566), operates across multiple business lines including Bitcoin mining and fertilizer and agricultural products manufacturing in China. The filing excerpts describe Bitcoin mining operations dependent on block rewards (6.25 bitcoin per verified block as referenced in the filing) alongside fertilizer subsidiaries Gufeng and Tianjuyuan, which manufacture products incorporating over 50 raw materials including coal, sulfuric acid, and NPK compounds, and an agricultural subsidiary Yuxing that cultivates flowers, seedlings, and vegetables. Revenue is generated through product sales and distributor networks, with unearned revenue (customer deposits) of $4,526,024 as of June 30, 2025. Substantially all revenues and expenses are denominated in RMB, with the company headquartered in Shaanxi Province, PRC.

Revenue model

Product sales through distributor networks for fertilizer and agricultural goods, with customer deposits recognized as revenue upon product delivery. Bitcoin mining generates digital asset rewards for verifying blocks on the Bitcoin blockchain. Distributor agreements include cost-sharing for marketing and store development, amortized over three years.

Products and services

Fertilizer products manufactured by Gufeng and Tianjuyuan using over 50 raw materials including coal, sulfuric acid, and NPK compounds (nitrogen, phosphorus, potassium). Agricultural products including top-grade flowers, multi-colored seedlings, green vegetables, and fruits cultivated by Yuxing. Bitcoin mining operations using computing power to verify blockchain transactions.

Customers and end markets

Distributors serve as the primary sales channel for fertilizer and agricultural products in China. End markets include agriculture and farming. Bitcoin mining targets the digital asset market, with rewards paid by the Bitcoin network.

Value-chain role

Vertically involved in fertilizer manufacturing, sourcing raw materials from neighboring Chinese provinces and regions including Hebei, Shaanxi, and Beijing Municipality. Provides administrative support and information technology services to operating entities within China. Operates as a Bitcoin miner competing directly on the Bitcoin network.

Geographic exposure

Operations based in Shaanxi Province, PRC. Substantially all revenues and expenses denominated in RMB. Raw material sourcing from Hebei, Shaanxi, Beijing Municipality, Shandong, and Zhejiang provinces. U.S. holding company structure with financial reporting in U.S. dollars.

Source: SEC 10-K, filed 2025-10-21

Industry: Agricultural Chemicals Peers: Da Zhong Trading Group Holding Co MULIANG VIAGOO TECHNOLOGY, INC.