DL Holdings to Enter Bitcoin Mining Through Convertible-Bond Deal
DL Holdings Group Limited has partnered with Fortune Peak Limited to broaden into Bitcoin mining, marking its first important transfer into digital-asset infrastructure.
The Hong Kong-listed firm plans to challenge convertible bonds to fund the acquisition of high-efficiency mining gear. Its aim is to produce about 200 BTC yearly and construct greater than 4,000 BTC reserves inside the subsequent two years.
DL Holdings Outlines Bitcoin Mining Strategy
Hong Kong-based DL Holdings Group Limited mentioned it’ll collaborate with Fortune Peak Limited to enter the Bitcoin mining sector. The firm intends to purchase superior mining gear through a convertible bond issuance. It goals to turn out to be Hong Kong’s first listed Bitcoin hashrate inventory. DL Holdings tasks an annual output of roughly 200 BTC. The firm plans to construct greater than 4,000 BTC reserves over two years.
Fortune Peak’s controlling shareholder, a former Chief Investment Officer at Antalpha Capital, brings expertise in digital-asset operations and expertise. This partnership offers DL Holdings entry to newer mining hardware and operational experience.
Convertible Bonds to Fund Mining Expansion
DL Holdings will buy 2,200 S21XP HYD miners with an estimated hashrate of 1,040,600 TH/s. The firm will fund the $21.85 million transaction by issuing zero-coupon convertible bonds. The preliminary conversion worth is HK$3.17 ($0.41) per share. This represents about an 8.65% low cost to the five-day common closing worth. The bonds and the shares issued upon conversion might be topic to a two-year lock-up.
The firm may even challenge 40 million warrants at an train worth of HK$3.80 ($0.49) per share, a few 9.51% premium to the five-day common. Half of the warrant shares will carry a six-month lock-up. Up to 13.44 million earn-out shares could also be issued if efficiency targets are met.
Bitcoin Market Context and Institutional Interest
Bitcoin accounts for roughly 55% to 58% of complete crypto market capitalization and has an estimated market worth of about $2.29 trillion as of September 2025. Institutional curiosity has grown, with governments together with the US and UK reporting notable holdings and asset managers resembling BlackRock and Fidelity providing Bitcoin exchange-traded funds.
DL Holdings mentioned direct Bitcoin mining might diversify its stability sheet and supply recurring income. Management estimates the brand new gear might generate about 200 BTC yearly, which might produce round $20 million in income at illustrative costs. The firm additionally raised over $83.5 million in August 2025 to fund digital-finance initiatives resembling tokenized belongings and virtual-asset buying and selling providers.
The publish DL Holdings to Enter Bitcoin Mining Through Convertible-Bond Deal appeared first on BeInCrypto.
