TLDR
- BitVentures has launched a new Digital Assets segment to begin crypto mining operations.
- The company will mine Bitcoin and selected altcoins using energy-efficient mining machines.
- Deployment of the mining equipment will start in January 2026 in multiple phases.
- BitVentures signed agreements to acquire and host Bitmain mining fleets with 0.5 MW capacity.
- The company has fully exited its former wealth management business as of June 2024.
BitVentures, a Nasdaq-listed tech firm, has launched its Digital Assets segment to start crypto mining and digital asset services, which include Bitcoin and altcoin mining, staking, node operations, and ecosystem infrastructure.
Company Initiates Crypto Mining with 0.5 MW Capacity
BitVentures confirmed the purchase and hosting agreements for several fleets of Bitmain mining machines, totaling 0.5 megawatts of power.
The company announced that deployments would begin in phases starting January 2026 and reach full operations in the first quarter.
The firm plans to use high-specification machines to support energy-efficient crypto mining during fluctuating market conditions.
CEO Lawrence Wai Lok described the new unit as a phased “proof-of-concept” to prepare for future expansion into related services.
He added, “We are laying the foundation to grow this business step by step, with long-term scalability in mind.”
BitVentures stated that the new segment would implement a diversified mining approach to reduce risk and enhance operational flexibility.
The company will target Bitcoin and select altcoins, using both strategic location partnerships and high-efficiency machines.
It aims to balance cost management with maximum computing output through efficient deployment methods and hosting agreements.
Diversified Strategy Targets Bitcoin and Altcoins
The company emphasized that the mining strategy would not focus solely on Bitcoin but include select altcoins with strong liquidity.
This approach intends to enhance returns and operational resilience by spreading exposure across multiple digital assets.
BitVentures said it would optimize machine usage based on real-time data, adjusting between Bitcoin and altcoin mining as needed.
It plans to focus on sustainability by using energy-efficient equipment that aligns with long-term operating cost objectives.
Mining operations will take place across multiple hosting sites under existing agreements to streamline infrastructure and logistics.
The company expects phased growth, beginning with 0.5 MW and increasing over time based on performance and market trends.
Management will oversee deployment closely, adjusting capital allocation and operational strategies as required.
The firm believes that flexibility and efficiency will drive its success in early mining phases and future expansions.
BitVentures Shifts Focus to Digital Assets
BitVentures was formerly Hywin Holdings and then Santech Holdings Limited, operating China-based wealth manager Hywin Wealth.
The company fully exited that sector in June 2024 by terminating its variable interest entity agreement with Hywin Wealth.
Before the exit, Hywin Wealth was known for distributing real-estate-backed investment products and managing high-net-worth clients.
The move away from wealth management marked a full shift toward technology and digital innovation.
BitVentures said it would no longer operate any part of its former wealth or asset management businesses.
It has since repositioned itself entirely around digital infrastructure and crypto-related services under its current structure.
Shares of BitVentures (BVC) rose 8% intraday on Friday, according to Yahoo Finance.
The trading volume increased following the announcement of its new Digital Assets segment and upcoming Bitcoin mining rollout.
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