Business
ATIF Holdings Limited Announces Strategic Diversification to Bitcoin Business
Irvine, California, June 05, 2025 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (NASDAQ: ZBAI), today announced its strategic expansion into the Bitcoin (BTC)
About this update from Atif Holdings Limited
[{"type":"text","content":"Irvine, California, June 05, 2025 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (NASDAQ: ZBAI), today announced its strategic expansion into the Bitcoin (BTC) sector with an ambitious five-year plan to accumulate 1,000 BTC through a combination of direct purchases, and mining operations. As part of this initiative, ATIF Holdings will deploy a hybrid approach in the next five years including: - Direct acquisition of BTC in the open market;- Building and Operating proprietary BTC mining facilities; and/or acquiring operating BTC mining sites The company has tentatively selected West Texas as the primary location for its proprietary mining operations. This decision is driven by several key factors: Texas' favorable regulatory environment for digital asset mining, abundant and affordable land, and a well-developed, deregulated electricity market with competitive power costs. Additionally, ATIF Holdings aims to implement advanced power utilization strategies to further reduce production costs and enhance overall operational efficiency. \"We view Bitcoin not only as a long-term store of value but also as a strategic asset for growth and diversification,\" said Kamran Khan, the CEO. \"Our investment in mining infrastructure—particularly in a power-efficient region like West Texas—positions us to participate directly in Bitcoin’s network while optimizing cost control and scalability.\" The planned mining facilities will emphasize energy efficiency, sustainable operations, and smart grid integration, aligning with broader industry trends towards responsible and forward-looking crypto infrastructure development. The company has purchased BTC in the open market and plans to continue to do so in the near future. This move marks a significant evolution in ATIF Holdings' business and underscores its commitment to innovation and long-term value creation in emerging technologies. About ZBAI ATIF Holdings Limited (NASDAQ: ZBAI) is a business consulting company that specializes in providing professional IPO, M&A advisory and post-IPO compliance services to small and medium-sized companies seeking to go public on a stock exchange in the United States. The Company is currently exploring business opportunities in the BTC sector. Forward-Looking Statements Certain statements in this press release are \"forward-looking statements\" within the meaning of t...