DL Holdings Group Finalizes Agreement to Acquire Bitcoin Mining Machines

MT Newswires Live

2025/09/29

DL Holdings Group (HKG:1709) said it finalized an agreement to buy 2,200 S21XP HYD Bitcoin mining machines from Fortune Peak for about $21.9 million, according to a Hong Kong bourse filing Sunday.

Shares of the financial services company gained over 1% in morning trade Monday.

The deal will be settled through the issue of convertible bonds, 40 million warrants, and up to 13.4 million earn-out shares.

The company also plans to buy a further 2,995 Bitcoin mining machines from Bitmain.

The transaction will involve the purchase of 1,900 S21e HYD for $8.3 million and another 1,095 S21e XP HYD for $10.9 million.

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