DL Holdings Group Restricted has partnered with Fortune Peak Restricted to broaden into Bitcoin mining, marking the primary vital motion into digital asset infrastructure.
The Hong Kong-listed firm will problem convertible bonds to fund the acquisition of extremely environment friendly mining gear. The aim is to supply round 200 BTC per 12 months and construct greater than 4,000 BTC reserves inside the subsequent two years.
DL Holdings outlines Bitcoin mining methods
Hong Kong-based DL Holdings Group Restricted mentioned it should work with Fortune Peak Restricted to enter the Bitcoin mining sector. The corporate plans to accumulate superior mining gear by way of convertible bond issuances. It goals to grow to be Hong Kong’s first listed Bitcoin hashrate inventory. DL Holdings initiatives an annual manufacturing quantity of roughly 200 btc. The corporate plans to construct greater than 4,000 BTC reserves over two years.
The controlling shareholders of Fortune Peak, former Chief Funding Officer of Antalpha Capital, convey digital belongings operation and know-how expertise. This partnership supplies DL-holding entry to new mining {hardware} and operational experience.
Convertible debt funding mining growth
DL Holdings purchases the two,200 S21XP HYD miner with an estimated hashrate of 1,040,600 Th/s. The corporate will fund a $21.85 million transaction by issuing zero coupon convertible bonds. The preliminary conversion value is $3.17 ($0.41) per share. This represents a reduction of roughly 8.65% on the typical five-day closing value. Bonds and shares issued on the time of conversion are topic to a two-year lockup.
The corporate will even problem 40 million warrants at a strike value of HK$3.80 ($0.49) per share, with a premium of round 9.51% from the five-day common. Half of the warrant inventory has a six-month lockup. As much as 13.44 million incomes shares could also be issued if efficiency targets are met.
Bitcoin Market Context and Institutional Curiosity
Bitcoin accounts for about 55% to 58% of the overall mayor of crypto market capitalization, and is estimated to have a market worth of round $2.29 trillion as of September 2025. Governments, together with the US and the UK, supply Bitcoin Trade-Tradeds with distinguished holdings and asset managers similar to BlackRock and Constancy.
DL Holdings mentioned direct Bitcoin mining can diversify the steadiness sheet and supply repeat income. Administration estimates that new gear can generate round 200 btc a 12 months, which might generate round $20 million in income in an instance. The corporate additionally raised greater than $83.5 million in August 2025 to fund digital finance initiatives similar to tokenized belongings and digital asset buying and selling providers.
PostDL Holdings, which enters Bitcoin mining via a Convertible Bond transaction, first appeared on Beincrypto.
