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BitVentures Limited Launches New Digital Assets Segment with Acquisition of High-Efficiency Mining Fleets
Globenewswire· 2026-01-02 11:30
Core Insights - The Company has officially launched its Digital Assets segment, marking a significant step in its business expansion strategy [1][4] - The Company has entered into purchase and hosting agreements for cryptocurrency mining machines, acquiring a total power capacity of approximately 0.5 MW and an aggregate Bitcoin hashrate of 30 PH/s [1][2] - The deployment of the mining machines is set to begin in January 2026, with full operational ramp-up expected in the first quarter of 2026 [2] Company Strategy - The Company aims to pursue a diversified cryptocurrency mining strategy, focusing on Bitcoin and select altcoins to optimize risk-adjusted profitability [3] - The acquired mining machines are high-specification, energy-efficient ASICs, with energy consumption rates of 12–13.5 J/TH for Bitcoin and 0.21 J/MH for Litecoin and Dogecoin [3] - The CEO emphasized that this transaction serves as a proof-of-concept for the Digital Assets segment and lays the groundwork for future expansion into broader digital asset services [4] Future Outlook - The Company plans to methodically scale its operations in tranches, with intentions to explore additional opportunities within the digital asset ecosystem, including staking and node operations [4] - The establishment of an efficient mining footprint is expected to position the Company favorably for future growth in the digital asset market [4]