Bitventures Makes First Crypto Mining Move Weeks After Nasdaq Rebrand

BitVentures has launched a US-based crypto mining operation weeks after rebranding, marking its first operational move into digital assets after years of losses.

BitVentures Limited has entered the cryptocurrency mining sector, launching a new digital assets business less than two weeks after rebranding to reflect its new focus on blockchain-related ventures.

The Hong Kong–based technology company said it has acquired fleets of mining hardware from Bitmain, including three types of Antminer machines, to mine Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE), according to a Friday report from Investing.com.

The company said the acquisition includes 0.5 megawatts of power capacity across data centers in the United States, with deployment of the mining equipment expected later this month.

BitVentures described the mining operation as the foundation of a broader digital assets strategy and said it plans to expand into other areas of the sector, including staking and node operations, though it did not provide additional details.

Until December, BitVentures operated under the name Santech Holdings, trading on Nasdaq under the ticker STEC. The company officially rebranded to BitVentures and adopted the ticker BVC on Dec. 24, according to filings with the US Securities and Exchange Commission (SEC).

Before the rebrand, Santech functioned primarily as a technology-focused holding company, with business interests spanning early-stage technology investments, e-commerce platforms and consumer-focused digital services, rather than blockchain or cryptocurrency-related operations.

“The Company believes that the new name aligns well with the Company’s vision and focus on developing and investing in early-stage technology ventures,” the filing said.

Related: Most crypto treasuries ‘will disappear’ amid bleak 2026 outlook: Execs

BitVentures Limited is far from the only publicly listed company to pivot into digital assets in recent months, as more enterprises seek exposure to cryptocurrencies, often in an effort to revive struggling businesses or arrest prolonged share-price declines.

Source: CoinTelegraph