Core Viewpoint - Derin Holdings (01709) has signed formal agreements for the acquisition of BM mining machines, aiming to become the first listed "Bitcoin computing power stock" in Hong Kong, with a total hash power of approximately 2.1 million TH and an annual production target of around 350 Bitcoins [1][4]. Group 1: Acquisition Details - The company has entered into agreements for the acquisition of 1,900 units of BM mining machine 1 for a total cost of approximately $8.3491 million (equivalent to HKD 65.1228 million) and 1,095 units of BM mining machine 2 for approximately $10.8766 million (equivalent to HKD 84.8378 million) [1]. - The total expected annual output from the BM mining machines is approximately 175 Bitcoins, based on a total hash power of about 1.06 million TH/s [1]. Group 2: Operational Management - The digital asset department has dedicated operational personnel and utilizes a transparent third-party ASIC mining management platform to monitor hash power, temperature, and performance data in real-time [2]. - The company will sign a framework agreement with designated hosting service providers for the daily operation and maintenance of the BM mining machines, ensuring operational efficiency and uninterrupted mining activities [3]. Group 3: Strategic Partnerships - Bitmain, the parent company of BM1 and BM2, is recognized as the largest and most technologically advanced Bitcoin mining machine manufacturer, providing significant operational efficiency and competitive advantages through its advanced cooling technology [4]. - The board believes that signing the formal agreements will bring long-term financial returns and value to shareholders, reinforcing the company's leadership position in the Bitcoin mining business among Hong Kong listed companies [4].