Nasdaq-listed company ventures into mining: purchases AntMiner with 30 PH/s hash rate, stock price surges by 19.32%

SignatureVerifier · 2026-01-02T14:20:12+00:00

Publicly listed company BitVentures officially establishes a digital asset division, enters the crypto mining industry, and signs a procurement agreement with Bitmain. The plan is to purchase multiple mining machines with a target Bitcoin hash rate of 30 PH/s, and operations are expected to begin in early 2024. The stock price rose by 19.32% due to the news, indicating the market's optimistic outlook on its Web3 strategy.

SignatureVerifier

2026-01-02 14:20:12

Abstract generation in progress

【Crypto World】Interesting news has arrived—public company BitVentures (Nasdaq: BVC) officially announces the establishment of a digital asset division, marking its entry into the crypto mining sector.

They have just reached a procurement agreement with Bitmain, planning to acquire S21 XP Hydro, S21 XP Air-cooled, and L9 miners. The hardware lineup is quite impressive—with a Bitcoin hash rate target set at 30 PH/s, and Litecoin and Dogecoin hash rates at 0.5 TH/s. These devices are scheduled to start operating in data centers in the United States from January next year.

Company CEO Lawrence Wai Lok mentioned in the announcement that this move is essentially a proof of concept (PoC), with bigger plans ahead—aiming to gradually expand operational scale and even explore staking and node services.

What does the market think? The stock price speaks for itself. After the announcement, BVC surged 19.32% in pre-market trading, reaching $1.36. This reflects optimistic expectations from capital regarding traditional listed companies venturing into Web3 mining.

From mining to staking and then to node services, this is an attempt to explore the entire yield route of the crypto ecosystem. Interestingly, such layouts by traditional financial companies may serve as a reference for more listed companies to follow.

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ShibaOnTheRun

· 01-05 14:19

Haha, publicly listed companies are also getting into mining. They really want to play. --- 30PH/s? That's a significant scale. Can the electricity costs in the US handle it? --- The CEO mentioned PoC. I think they just haven't figured out how to make money yet. Just get it running first. --- The stock price surged by 19.32%. That's the real good news, more effective than any press release. --- Mining Dogecoin? Interesting, but can they really make money? --- Another order from Bitmain. This time, it's the Nasdaq big boss placing the order. --- Staking + nodes? That's quite ambitious. Take it slow and don't flip over.

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MEVHunterLucky

· 01-05 13:01

Wow, a publicly listed company going all-in on mining? They really have some guts. 30P of computing power, launching in January next year... I'm a bit curious about how they’re calculating the electricity costs. Staking + node services, it seems like they want to do the full package. But honestly, can BTC’s current trend really support mining profitability? Is the stock price surge just short-term speculation or is there some logic behind it? I need to look at the fundamentals before I say. Bitmain’s recent orders are really aggressive; the shipment volume of mining machines is about to skyrocket.

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MEVSandwich

· 01-03 23:50

19 points are directly maxed out, listed companies are starting to mine, which is truly outrageous. Now traditional finance is really taking it seriously, with 30PH computing power directly投入. Wait, can it really make money? How much is the electricity bill, everyone? PoC? Basically, just testing the waters, there will definitely be big moves later. Bitmain's order must be very lucrative, selling so many mining machines in one go. Honestly, the involvement of listed companies is quite crucial, you all understand what it represents. The US data center will be up and running in January, the schedule is quite tight.

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LuckyBlindCat

· 01-03 07:23

Mining is really irresistible even for listed companies, haha --- 30PH is quite a lot, but can the electricity costs hold up? --- Another PoC project, let’s just hype it up first --- Nasdaq is already buying the dip, what am I hesitating for? --- As long as the stock price goes up, it’s fine; whether it can make money later depends --- Bitmain is smiling happily, a 30-dollar deal each time --- Pledge and node services? I’ve seen this trick before --- Has mining really paid off, or is it just another wave of cuts?

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Blockchainiac

· 01-02 14:50

Wait, a listed company is directly entering the mining industry? They're really serious about this. They've投入30PH of computing power, and the stock price shot up by 19 points. The market is really buying into this. But I'm worried that next year, electricity and maintenance costs will rise, eating into profits. It might be a different story then. 30PH of computing power—what level is that in the industry? Can someone calculate the ROI? Honestly, I'm a bit tempted to invest, but I'm afraid of being the bagholder.

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ShadowStaker

· 01-02 14:49

ngl this feels like classic poc theater... 30 ph/s sounds impressive till you realize the opex math doesn't check out lmao

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SandwichVictim

· 01-02 14:46

Another traditional listed company is entering the mining industry, but this time it looks quite serious. Wait, the "PoC" the CEO mentioned is probably to set the stage for large-scale expansion later, I've seen this routine in the US stock market too many times. 30PH/s sounds like a lot, but it's still far behind those professional mining farms... By the way, the stock price has surged 19%, let's see after the equipment goes online in January next year. Bitmain has really sold out Antminer this time, they are the ones laughing last. Is this company really planning to go all-in on mining? Or just doing a pilot project to raise funds? I'm not very optimistic; traditional companies often struggle to adapt when entering this field. Staking and node services? Good idea, but let's see how well they execute. The stock price rising so rapidly is a bit unsettling... Can this momentum last until next year?

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NFTragedy

· 01-02 14:46

The stock price increased by 19%, this move is indeed impressive. DOGE and LTC are also getting involved, there are quite a few ways to play. But can 30 PH/s really make money? How much would the electricity cost... Traditional listed companies are also starting to mine, which is quite interesting. Does the CEO genuinely believe in this? Or is it just another scheme to harvest retail investors? They won't start running until January next year, and the market could change by then.

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PanicSeller69

· 01-02 14:46

30PH/s啊，这规模不小啊... Wait, publicly listed companies are starting to mine? Feels like this cycle has really arrived The stock price surged by 19%, betting on that "bigger plan" later, right? With this pace, it feels like another roller coaster ride is coming S21 XP投入这么多，是真心押宝还是跟风割韭菜？ I'm a bit curious how they calculate electricity costs, is it expensive over there in the US? Is mining starting to get competitive again... Why does this pattern seem familiar? Is it happening again? 30PH sounds impressive, but truly making money still depends on electricity costs and coin prices Public companies are getting involved, is this a sign to take action... I find it hard to believe they would still dare to invest so heavily now, or do they really have some inside information?

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GhostAddressMiner

· 01-02 14:45

30 PH/s? This data seems a bit suspicious. We need to investigate where the funds are coming from. It's basically just a different way of saying financing; the guise of PoC is very convenient. It won't be operational until January next year. Why does this explanation sound so familiar... I heard the same set of words last time. A 19% increase in stock price and that's it? Let's look at the on-chain footprint of that mining machine payment first. I suspect they have a batch of dormant wallets hoarding coins, and now they're just legitimizing the existing stock.

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