Nasdaq-listed Santech rebrands to BitVentures and enters mining business
JH Kim
Summary
- U.S. Nasdaq-listed Santech Holdings reported that it changed its name to BitVentures and entered the virtual asset mining business.
- BitVentures said it shifted its focus from its existing technology investment and e-commerce platform business to virtual asset mining.
- BitVentures said it acquired mining equipment, including 3 Antminer models, from Bitmain and began full-scale mining operations.
U.S. Nasdaq-listed Santech Holdings (Santech Holdings, STEC) last month changed its name to BitVentures (BitVentures, BVC) and has since fully entered the virtual assets (cryptocurrency) mining business.
On the 2nd (local time), according to crypto-focused media Cointelegraph, Santech Holdings had operated as a technology-focused holding company conducting technology investments and an e-commerce platform business, but after rebranding to BitVentures it shifted its business direction to virtual asset mining.
The outlet reported that BitVentures acquired mining equipment, including 3 Antminer models, from Bitmain and is commercializing its virtual asset mining business based on this.
JH Kim
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