Understanding the Market | DL HOLDINGS GP rises over 7%, plans to acquire 2,995 BM mining machines from Bitmain to strengthen the company's Bitcoin mining business

DL HOLDINGS GP is currently up over 7%. As of the time of writing, it has risen 6.5% to HKD 3.44, with a trading volume of HKD 115 million. In terms of news, DL HOLDINGS GP announced the completion of the acquisition of 1,900 BM mining machines (rack-mounted HASH supercomputers) and 1,095 BM mining machines from Bitmain's subsidiaries BM1 and BM2, respectively, at prices of USD 8.35 million and USD 10.88 million. The acquisition is intended to be settled using the net proceeds from the placement and potential financing provided by Antalpha Digital. The board believes that signing the formal agreement with BM will bring long-term financial returns and value to shareholders. The BM acquisition will further strengthen the group's leadership position in the Bitcoin mining business among Hong Kong listed companies, create diversified revenue sources, and enable the group to seize rapidly expanding market opportunities in the digital asset and blockchain sectors. Considering the aforementioned benefits, the board believes that the terms of the formal agreement with BM and the proposed transactions under it are normal commercial terms, fair and reasonable, and in the overall interests of the company and its shareholders

DL HOLDINGS GP confirms the acquisition of BM mining machines for a consideration of USD 19.23 million

DL HOLDINGS GP announced the acquisition of 1,900 BM mining machines (rack-mounted HASH supercomputers) and 1,095 BM mining machines from Bitmain's subsidiaries BM1 and BM2, respectively, at a cost of USD 8.35 million and USD 10.88 million, intending to settle with the net proceeds from the placement and potential financing provided by Antalpha Digital

China's software service provider RUIHE DATA announced plans to launch cloud mining services through Bitmain

Three major Chinese Bitcoin mining machine manufacturers are establishing production bases in the United States to resist Trump tariffs

The three major Chinese Bitcoin mining machine manufacturers Bitmain, Canaan, and Bit Micro are establishing production bases in the United States to respond to Trump's tariff policies. This move aims to avoid the impact of tariffs while potentially raising concerns in the U.S. about China's chip manufacturing and energy security. Analysts expect the value of this industry to reach $12 billion by 2028

Daiyuan Pump Industry: Research on the global leading computing power and energy efficiency management company subsidiary Hefei Xinhui

Hefei Xinhui, a subsidiary of Dayuan Pump Industry, recently received visits from teams of Bitmain and Envicool. With the growing demand for computing power and the promotion of dual carbon goals, liquid cooling technology has gained attention due to its efficient energy-saving characteristics. Hefei Xinhui's layout in liquid cooling pumps and system solutions has allowed it to maintain a good market share and brand influence, with products widely used in fields such as new energy vehicles, wind power, energy storage, and IDC