- DL Holdings invests over $40 million in Bitcoin mining equipment, aiming for leading hashrate in Hong Kong’s public market.
- The company partners with BITMAIN and Antalpha, deploying mining machines in Oman and Paraguay for operational expansion.
DL Holdings has announced a legally binding agreement with BITMAIN for the acquisition of 2,995 Antminer S21 water-cooled mining machines, financed through Antalpha. Combined with a previous purchase of 2,200 units, the firm has invested over 320 million Hong Kong dollars—more than $40 million.
These moves add approximately 2.1 exahashes per second to its total computing power. The company aims to become the Hong Kong stock market’s top publicly listed Bitcoin miner by hashrate within two years.
‘We are redefining value investing by building the fundamental layer of Bitcoin’s hashrate. This industrial-scale investment reflects confidence in Hong Kong’s virtual asset policies and the future of decentralised finance,’ said Andy Chen, chairman of DL Holdings Group.
The new equipment will be deployed in facilities located in Oman and Paraguay, with BITMAIN responsible for ongoing operations and maintenance. According to Andy Chen, Chairman of DL Holdings Group, this industrial-scale commitment demonstrates confidence in Hong Kong’s regulatory framework for digital assets and supports the broader development of decentralized finance.
Unlike traditional approaches that focus on buying Bitcoin on the open market, DL Holdings is building out core infrastructure. By controlling the underlying hashrate, the company can generate cash flow and offer investors a direct route to participate in the digital finance layer.
DL Holdings highlights a business strategy that moves from passive Bitcoin asset allocation to active infrastructure creation and self-production. The approach shifts from “buying gold” to “running a gold mine,” according to company statements. With mining operations under its own management, the firm intends to deliver transparent, efficient solutions and lower the barriers to entry for investors.
‘Just as quantum computing is transforming the computing paradigm, DL Holdings has chosen to directly deploy the fundamental layer of Bitcoin’s hashrate—this is not only a strategic vision, but also a firm vote of confidence in Hong Kong’s virtual asset policies,’ Chen said.
The collaboration aims to build a foundation for inclusive digital mining, leveraging global reach and world-class hardware. This strategy seeks to link modern digital finance tools with the infrastructure powering Bitcoin, expanding opportunities in the decentralized economy while reinforcing trust in Hong Kong’s virtual asset policies.
