U.S.-listed BitVentures enters virtual asset mining business…up 19% in pre-market trading

U.S. Nasdaq-listed BitVentures Limited is making a full-scale entry into the virtual asset (cryptocurrency) business centered on mining.

On the 2nd (local time), BitVentures announced it has established a new 'Digital Assets' division and plans to expand its virtual asset mining business, including Bitcoin (BTC). The company has signed a contract to secure various Bitmain mining machines and about 0.5 megawatts (MW) of hosting capacity.

The mining machines will be installed in a U.S. data center starting January 2026 and are expected to be fully operational during the first quarter.

BitVentures will pursue a diversified strategy centered on Bitcoin while concurrently mining some altcoins, and plans to consider staking, node operation, and strategic partnerships in the future.

Lawrence Wai Lok, chief executive officer (CEO), said, "This investment is a proof-of-concept stage for the Digital Assets division," and "We will expand the business step by step."

Meanwhile, on the back of the announcement, BitVentures surged more than 19% in pre-market trading.