BitVentures Limited (NASDAQ: BVC) announced the establishment of a new digital asset division focused on cryptocurrency mining, and disclosed that an agreement has been reached to purchase a batch of Bitmain Antminers, including S21 XP Hydro, S21 XP Air-cooled, and L9 miners. These devices aim for a total hash rate of approximately 30 PH/s for Bitcoin, as well as 0.5 TH/s for Litecoin and Dogecoin, and are expected to be hosted in data centers in the United States starting January 2026. CEO Lawrence Wai Lok stated that this move is intended to validate the concept, with plans to expand operations in the future and explore staking and node services. Following the announcement, BVC's stock price rose 19.32% in pre-market trading to $1.36.
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BitVentures Limited (NASDAQ: BVC) announced the establishment of a new digital asset division focused on cryptocurrency mining, and disclosed that an agreement has been reached to purchase a batch of Bitmain Antminers, including S21 XP Hydro, S21 XP Air-cooled, and L9 miners. These devices aim for a total hash rate of approximately 30 PH/s for Bitcoin, as well as 0.5 TH/s for Litecoin and Dogecoin, and are expected to be hosted in data centers in the United States starting January 2026. CEO Lawrence Wai Lok stated that this move is intended to validate the concept, with plans to expand operations in the future and explore staking and node services. Following the announcement, BVC's stock price rose 19.32% in pre-market trading to $1.36.