BitVentures Enters Crypto Mining with Bitmain Hardware, Plans Operations by 2026

BitVentures Enters Crypto Mining with Bitmain Hardware

BitVentures Limited has officially announced its entry into the cryptocurrency mining sector, following a rebranding from Santech Holdings. The company has acquired various mining hardware from Bitmain, including Antminer S21 XP Hydro units, air-cooled S21 XP miners, and Antminer L9 machines, which are expected to deliver a Bitcoin hashrate of 30 PH/s and a combined hashrate of 0.5 TH/s for Litecoin and Dogecoin. The installations are set to be completed by the end of January 2026, with a power capacity secured at 0.5 megawatts across several data centers in the United States.

"We believe that building an efficient mining infrastructure will position the company favorably to capitalize on broader opportunities within the digital asset ecosystem," stated Lawrence Wai Lok, CEO of BitVentures Limited.

The company plans to commence its mining operations in January 2026, aiming for full operational capacity in the first quarter of 2026. This strategic move is seen as a "proof-of-concept" for BitVentures' formal entry into the digital asset sector, with intentions to expand into additional services such as staking and node operations in the future.

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Following the announcement, BitVentures' stock surged by 8%, reflecting investor confidence in the company's new direction. The stock had previously experienced a significant decline, with a total return of approximately -89% since its IPO. This shift towards cryptocurrency mining is viewed as a potential solution to the company's previous struggles in the asset management sector, which saw no revenue in the first half of the fiscal year 2025.

Key Insights

BitVentures has entered the cryptocurrency mining sector with significant hardware acquisitions.
The company aims for a Bitcoin hashrate of 30 PH/s and a combined hashrate of 0.5 TH/s for Litecoin and Dogecoin.
Mining operations are set to begin in January 2026, with full capacity expected in Q1 2026.
BitVentures' stock rose by 8% following the announcement of its new strategy.

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Anonymous am 03.01.2026

Wow, seems like BitVentures is trying to turn things around after that crazy decline! It's pretty bold of them to jump into crypto mining, especially with all those high-end Bitmain machines. I mean, 30 PH/s for Bitcoin is no joke! For a company that was struggling with revenue, this could be a game changer. But I wonder how they'll manage the costs of energy and if they're really prepared for the volatility of crypto.

Also, did anyone else catch the part about them aiming to expand into staking and node operations? It's smart to diversify, but getting things off the ground in mining first is going to be crucial. I'm curious if they have the infrastructure and team set up to handle everything, especially with the deadline for operations by 2026 creeping up.

And honestly, the stock surge after the announcement is also interesting—many times, these spikes can be just hype. I really hope they can keep the momentum going. Can’t wait to see how this plays out; it could be an epic journey or end up being a huge gamble! What are your thoughts on the risks they might face?

Anonymous am 03.01.2026

It's nice to see them bounce back, but I wonder how they're gonna tackle energy costs—mining isn't just about the hardware, you know?

Anonymous am 04.01.2026

Omg, this is so wild! I totally agree with the thoughts on their plans! But like, can we talk about the energy costs too? I mean, these guys are gonna need a ton of power to run all that high-end gear, right? What if the electricity prices go sky-high before they even get rolling? It could totally change the game for them! And also, I see they're getting into staking and nodes too but isn't that a bit too much too fast? Like, I just wonder if they can even keep up with all of this!

Plus, with the stock jumping up 8% it feels kinda like a bubble waiting to burst. Sometimes investors just get super hyped and then BAM! It’s back to square one. The mention of them being down 89% before makes me feel like their stock is basically a rollercoaster. It might be cool now, but what happens when people realize it’s still risky? It’s like jumping in blindfolded and hoping you land on a soft mat, you know? Are they really prepared for all the ups and downs of crypto? Could end up being like that one show I watched where everything went wrong, or could be a huge success, pure gamble if you ask me!

And will they even hit that 30 PH/s goal? I mean, that sounds super techy and impressive but are we sure it’s all gonna work out? It’s exciting and terrifying all at the same time!!! Can't wait to see if they'll actually pull this off or if it all falls apart!

Anonymous am 04.01.2026

Wow so much to unpack here! I really think its super interesting how companies like BitVentures are diving into crypto, expecially after they flopped so bad before. I mean rebranding from Santech Holdings to BitVentures sounds kinda like a fresh start, right? But honestly, can you imagine the massive amount of energy needed for all those Antminers? Like the 30 PH/s for Bitcoin sounds spectacula but also a bit scary. What happens with energy costs? If energy prices shoot up, they could be in big trouble, just like some other mining farms that couldn’t keep up.

And about their planned operations, starting in January 2026 feels like it’s a long ways off. With everything changing so fast in crypto, who knows where the market will be then?! Remember when Bitcoin was super low a few years ago, then it skyrocketed? But then plummeted again? It's like a roller coaster! I really wonder if they can even keep up with the latest tech because Bitmain is always comin’ out with new stuff every month.

Oh and that 8% stock surge, I mean wow, it sounds good but also kinda like investors are looking at bright shiny things instead of the risks. Like did they actually fix all the problems from before? They lost tons of money right? So this could turn either really good or REALLY bad. I guess the saying “buy low, sell high” can’t do much if they don’t actually make money mining.

Also, you mentioned them branching out into staking and node operations. That's another gamble to take! Staking can be nice but its also risky and adds more complexity. If they can’t get the mining right first and they want to expand too, that could just be spreading themselves thin. I just hope they have the right team in place to handle all that. If they don’t, this could go downhill fast! What do you all think?

Article Summary

BitVentures Limited has entered the cryptocurrency mining sector by acquiring Bitmain hardware, aiming for significant Bitcoin and altcoin hashrates with operations starting in January 2026. Following this announcement, the company's stock rose by 8%, signaling renewed investor confidence after previous struggles.

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1 full month of testing
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BitVentures Enters Crypto Mining with Bitmain Hardware, Plans Operations by 2026

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BitVentures Enters Crypto Mining with Bitmain Hardware

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