Nasdaq-listed BitVentures launches digital assets division, enters Bitcoin and altcoin mining

2026-01-02 19:22:55

Source: CryptoNewsNet Original Title: Nasdaq-listed BitVentures to start Bitcoin and altcoin mining with new digital asset division Original Link: BitVentures, a Nasdaq-listed tech company, has officially launched its Digital Assets segment, a unit focused on crypto mining and digital asset operations, 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 0.5 MW of power capacity. Deployment will begin in phases from January 2026, with full operations anticipated in the first quarter.

BitVentures plans to pursue a diversified mining strategy targeting Bitcoin and select altcoins, using energy-efficient, high-specification machines to maintain resilience under volatile market conditions.

Lawrence Wai Lok, CEO of BitVentures, described the launch as a proof-of-concept deployment and said the company intends to scale operations in phases, laying the foundation for future expansion into other services. Shares of BitVentures (BVC) climbed 8% intraday on Friday.

BitVentures, formerly known as Hywin Holdings and later Santech Holdings Limited, previously operated a China-based wealth manager through a variable interest entity structure. In June 2024, the company terminated its VIE arrangement, fully exiting its wealth and asset management businesses.

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