BitVentures Launches Cryptocurrency Mining Operations Following Nasdaq Rebrand

BitVentures Initiates Mining Operations in the U.S.

BitVentures has launched a cryptocurrency mining operation in the United States, just weeks after rebranding that reflects its new focus on blockchain-related projects. The Hong Kong-based company has acquired mining equipment from Bitmain, including three types of Antminer machines, to mine Bitcoin (BTC), Litecoin (LTC), and Dogecoin (DOGE).

The acquisition includes a capacity of 0.5 megawatts in data centers across the United States, with the equipment set to be implemented this month. BitVentures has described this operation as the foundation of a broader strategy for digital assets, with plans to expand into other areas of the sector, including staking and node operations.

Until December, BitVentures operated under the name Santech Holdings, trading on Nasdaq under the ticker STEC. The company officially rebranded on December 24, adopting the ticker BVC. This rebranding came after a period of substantial losses, with the company experiencing a return of -89% since its listing.

In the first half of fiscal year 2025, BitVentures reported zero revenue, compared to $17.4 million during the same period in the previous year, following its exit from asset management business lines.