DL Holdings Joins the Bitcoin Mining Industry
Hong Kong-listed DL Holdings Group Limited has partnered with Fortune Peak Limited to make a significant entry into the Bitcoin mining space. This move marks the company’s first foray into digital-asset infrastructure and highlights the growing institutional interest in cryptocurrency investments.
What Does the Partnership Entail?
To support this ambitious venture, DL Holdings plans to issue convertible bonds to finance the acquisition of advanced Bitcoin mining equipment. The company aims to generate 200 BTC annually and accumulate over 4,000 BTC reserves within the next two years. This positions DL Holdings as a leader in the evolving cryptocurrency mining sector, with aspirations to become Hong Kong’s first publicly listed Bitcoin hashrate stock.
The Technical Details
The company plans to purchase 2,200 S21XP HYD mining machines, boasting an estimated hashrate of 1,040,600 TH/s. These machines are designed for high efficiency in mining operations, ensuring maximum performance in generating Bitcoin. A $21.85 million issuance of zero-coupon convertible bonds will fund the purchase. The initial conversion price is set at HK$3.17 ($0.41) per share, which represents an 8.65% discount compared to the five-day average closing price. Warrants and performance-based shares are also part of the financing structure.
Institutional Interest in Bitcoin is Growing
Bitcoin currently accounts for 55% to 58% of the total cryptocurrency market capitalization and holds a market value of approximately $2.29 trillion as of September 2025. Financial giants like BlackRock and Fidelity have launched Bitcoin exchange-traded funds (ETFs), signaling rising institutional confidence in the asset.
DL Holdings’ entry into Bitcoin mining further demonstrates how companies are diversifying their portfolios through digital assets. As noted by the management, direct Bitcoin mining could offer a steady stream of revenue. At current market prices, the company estimates that annual Bitcoin production could translate to $20 million in revenue.
Why Does This Matter?
The partnership with Fortune Peak Limited brings not only financial firepower but also operational expertise. Fortune Peak’s controlling shareholder, a former Chief Investment Officer at Antalpha Capital, provides valuable knowledge in digital-asset operations, ensuring a competitive edge for DL Holdings in the mining space.
Invest in Mining Technologies
Looking to start your own Bitcoin mining venture or simply support eco-friendly mining? Check out the Bitmain Antminer S19 Pro, a state-of-the-art mining machine known for high efficiency and performance. It’s a perfect fit for individuals and organizations aiming to explore cryptocurrency mining.
The Future of Bitcoin Mining
As more institutional players like DL Holdings enter the market, the Bitcoin mining industry is likely to expand significantly, fostering innovation and increasing global adoption of cryptocurrency as a mainstream asset class. With a focus on sustainability and high-performance operations, companies like DL Holdings are setting the stage for a prosperous future in digital assets.
