Business
BitVentures Limited Launches New Digital Assets Segment with Acquisition of High-Efficiency Mining Fleets
HONG KONG, Jan. 02, 2026 (GLOBE NEWSWIRE) -- BitVentures Limited (the “Company”) today announced the Company’s Board has approved the official launch of its
About this update from Bitventures Limited
[{"type":"text","content":"HONG KONG, Jan. 02, 2026 (GLOBE NEWSWIRE) -- BitVentures Limited (the “Company”) today announced the Company’s Board has approved the official launch of its Digital Assets segment. As a foundational step in expanding this new business segment, the Company has entered into various definitive purchase agreements and hosting agreements to acquire several fleets of Bitmain cryptocurrency mining machines and hosting capacity totaling approximately 0.5 MW in power capacity. The acquired fleets consist of Antminer S21 XP Hydro miners, Antminer S21 XP air-cooled miners and Antminer L9 miners, delivering an aggregate Bitcoin hashrate of 30 PH/s and a combined Litecoin and Dogecoin hashrate of 0.5 TH/s. The miners will be hosted in various secure, high-uptime datacenters across the United States. Deployment is expected to occur in batches starting January 2026, with full operational ramp-up in the first quarter of 2026. Subject to ongoing market conditions, the Company intends to continue to pursue a diversified cryptocurrency mining strategy, targeting Bitcoin and select altcoins to optimize risk-adjusted profitability. The acquired ASICs are current-gen, high-specification machines, offering high energy efficiency. At 12–13.5 J/TH for Bitcoin mining and 0.21 J/MH for Litecoin and Dogecoin mining, the Company believes that the acquired miner fleets provide a good level of resilience across a wide range of market conditions, even in the event of volatile or lower cryptocurrency prices. Lawrence Wai Lok, CEO of BitVentures Limited, commented, “This transaction is a proof-of-concept deployment that marks the formal launch of the Company’s Digital Assets segment. Subject to ongoing market conditions, the Company intends to continue to invest in digital assets, and methodically scale its operations in tranches, creating a foundation for future expansion into broader digital asset services, including potential staking, node operations, and ecosystem partnerships. We believe that establishing an efficient mining footprint may position the Company favorably to pursue broader opportunities within the digital asset ecosystem.” About BitVentures Limited BitVentures Limited (NASDAQ: BVC) is a technology-focused company. The Company is actively developing technology businesses in verticals including e-commerce, digital assets, consumer healthcare, an...