Nasdaq-listed BitVentures to start Bitcoin and altcoin mining with new digital asset division

robot
Abstract generation in progress

Source: CryptoBriefing Original Title: Nasdaq-listed BitVentures to start Bitcoin and altcoin mining with new digital asset division Original Link: https://cryptobriefing.com/nasdaq-listed-bitventures-launches/

Key Takeaways

  • BitVentures has officially launched its Digital Assets segment and entered the crypto mining industry.
  • In building its new segment, the company has acquired multiple fleets of Bitmain mining machines.

BitVentures, a Nasdaq-listed tech company, today announced the official launch of its Digital Assets segment, a unit focused on crypto mining and digital asset operations, including staking, node services, and ecosystem partnerships.

As part of the expansion, the company has entered into purchase and hosting agreements to acquire multiple fleets of Bitmain mining machines with approximately 0.5 MW of power capacity.

Deployment will begin in phases from January 2026, with full operations anticipated in the first quarter, the company stated.

BitVentures said it plans to pursue a diversified mining strategy targeting Bitcoin and select altcoins, using energy-efficient, high-specification machines to maintain resilience under volatile market conditions.

Lawrence Wai Lok, CEO of BitVentures, described the launch as a proof-of-concept deployment and said the company intends to scale operations in phases, laying the foundation for future expansion into other services.

Shares of BitVentures (BVC) climbed 8% intraday on Friday.

BitVentures, formerly known as Hywin Holdings and later Santech Holdings Limited, previously operated a China-based wealth manager, Hywin Wealth, through a variable interest entity structure. Hywin Wealth was once China’s leading independent wealth manager and a major distributor of real-estate-backed investment products.

In June 2024, the company terminated its VIE arrangement with Hywin Wealth, fully exiting its wealth and asset management businesses.

BTC1.62%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
consensus_failurevip
· 4h ago
Nasdaq-listed company into mining? Is this an all-in move or are there new plans?
View OriginalReply0
BlockchainBardvip
· 4h ago
Nasdaq-listed companies are also starting to mine. This bullish trend looks very promising.
View OriginalReply0
OnchainUndercovervip
· 4h ago
Is a NASDAQ-listed company getting into mining? Things are getting serious now.
View OriginalReply0
mev_me_maybevip
· 4h ago
Another publicly listed company is starting to mine again. Is it BitVentures this time? Alright, let's see how long they can mine for.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)