DL Holdings Group Restricted has partnered with Fortune Peak Restricted to increase into Bitcoin mining, marking the primary important 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 objective is to supply round 200 BTC per yr and construct greater than 4,000 BTC reserves throughout the subsequent two years.
DL Holdings outlines Bitcoin mining methods
Hong Kong-based DL Holdings Group Restricted stated it’ll work with Fortune Peak Restricted to enter the Bitcoin mining sector. The corporate plans to amass superior mining gear by way of convertible bond issuances. It goals to turn out 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, carry digital belongings operation and expertise expertise. This partnership gives 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 worth is $3.17 ($0.41) per share. This represents a reduction of roughly 8.65% on the typical five-day closing worth. Bonds and shares issued on the time of conversion are topic to a two-year lockup.
The corporate may even problem 40 million warrants at a strike worth 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 reminiscent of BlackRock and Constancy.
DL Holdings stated direct Bitcoin mining can diversify the steadiness sheet and supply repeat income. Administration estimates that new gear can generate round 200 btc a yr, 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 reminiscent of tokenized belongings and digital asset buying and selling providers.
PostDL Holdings, which enters Bitcoin mining by way of a Convertible Bond transaction, first appeared on Beincrypto.
