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Investing.com -- BitVentures Limited (DRC) stock rose 3.5% in premarket trading Friday after the company announced the official launch of its Digital Assets segment, marked by agreements to acquire cryptocurrency mining equipment.
The company has entered into definitive purchase agreements for several fleets of Bitmain cryptocurrency mining machines, including Antminer S21 XP Hydro miners, Antminer S21 XP air-cooled miners, and Antminer L9 miners. These acquisitions will deliver an aggregate Bitcoin hashrate of 30 PH/s and a combined Litecoin and Dogecoin hashrate of 0.5 TH/s, supported by approximately 0.5 MW in power capacity.
BitVentures plans to host these miners in various secure datacenters across the United States, with deployment expected to begin in January 2026 and full operational capability targeted for the first quarter of 2026.
The company described the move as a "proof-of-concept deployment" that establishes its formal entry into the digital assets space. The acquired mining equipment features energy efficiency ratings of 12-13.5 J/TH for Bitcoin mining and 0.21 J/MH for Litecoin and Dogecoin mining, which BitVentures believes will provide resilience across various market conditions.
"Subject to ongoing market conditions, the Company intends to continue to invest in digital assets, and methodically scale its operations in tranches, creating a foundation for future expansion into broader digital asset services, including potential staking, node operations, and ecosystem partnerships," said Lawrence Wai Lok, CEO of BitVentures Limited.
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