DL Holdings will participate in Bitcoin mining through a convertible bond agreement.

TapChiBitcoin

2025-09-16 13:52:00

BTC-2,19%

DL Holdings Group Limited ( is listed in Hong Kong ) in collaboration with Fortune Peak Limited to expand into Bitcoin mining, marking a significant first step into the digital asset infrastructure. The company plans to issue convertible bonds worth 21.85 million USD to purchase 2,200 S21XP HYD mining machines with a total hashrate of 1,040,600 TH/s, aiming to produce approximately 200 BTC per year and build a reserve of over 4,000 BTC in the next two years.

This agreement helps DL Holdings access advanced mining technology and operational experience from Fortune Peak, controlled by the former CIO of Antalpha Capital. The company will also issue an additional 40 million warrants to raise capital. The management expects mining operations to generate around 20 million USD in annual revenue while diversifying the balance sheet. Previously, DL Holdings had raised over 83.5 million USD to develop cryptocurrency assets and virtual asset trading services.

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