Important points
- BitVentures has officially launched its digital assets segment and entered the cryptocurrency mining industry.
- In building the new segment, the company acquired multiple Bitmain mining machines.
BitVentures, a Nasdaq-listed technology company, today announced the official launch of its Digital Assets Division, a division focused on cryptocurrency mining and digital asset management, including staking, node services, and ecosystem partnerships.
As part of the expansion, the company has entered into purchase and hosting agreements to acquire multiple fleets of Bitmain mining machines with approximately 0.5MW of power capacity.
The company said implementation will begin in phases starting in January 2026, with full operation expected in the first quarter.
BitVentures said it plans to pursue a diversified mining strategy targeting Bitcoin and selected altcoins, using energy-efficient, high-spec machines to remain resilient during volatile market conditions.
BitVentures CEO Lawrence Wai Lok described the launch as a proof-of-concept implementation and said the company intends to expand in stages and lay the foundation for expansion into other services in the future.
Bit Ventures (BVC) stock rose 8% intraday on Friday, according to Yahoo Finance.
BitVentures, formerly known as Hywin Holdings and later Santech Holdings Limited, previously operated China-based wealth manager Hywin Wealth through a variable interest entity structure. Hywin Wealth was once China’s leading independent asset management company and leading distributor of real estate-backed investment products.
The company terminated its VIE agreement with Hywin Wealth in June 2024 and completely exited the wealth and asset management business.
