BitVentures makes first crypto mining move weeks after Nasdaq rebrand

BitVentures has launched a US-based crypto mining operation weeks after rebranding, marking its first operational move into digital assets after years of losses.

BitVentures Limited has entered the cryptocurrency mining sector, launching a new digital assets business less than two weeks after rebranding to reflect its new focus on blockchain-related ventures.

The Hong Kong–based technology company said it has acquired fleets of mining hardware from Bitmain, including three types of Antminer machines, to mine Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE), according to a Friday report from Investing.com.

The company said the acquisition includes 0.5 megawatts of power capacity across data centers in the United States, with deployment of the mining equipment expected later this month.

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