DL HOLDINGS GP (01709.HK): Bitcoin Mining Business Produces 506.228 BTC in Aggregate, with 405 BTC Sold for Approximately USD 29.98 Million
NewTimeSpace News: On September 3, 2026, DL Holdings Group Limited (stock code: 01709) issued a voluntary announcement updating the latest developments of the group's Bitcoin mining business. During the period from November 12, 2025 to September 2, 2026 (the relevant period), the group has produced an aggregate of 506.228 Bitcoins since commencing its Bitcoin mining business, of which it has sold 405.00 Bitcoins at an average selling price of approximately USD 74,021 per Bitcoin, representing aggregate realized value of approximately USD 29.98 million from the Bitcoins sold; as of September 2, 2026, the group still held 101.228 Bitcoins.
The average electricity cost attributable to Bitcoin production during the relevant period was approximately USD 54,500 per Bitcoin, representing the cumulative average since the group commenced its Bitcoin mining business; as the group continued to optimize its mining operations and power arrangements, coupled with lower electricity tariffs, the electricity cost attributable to Bitcoin production declined to approximately USD 50,000 per Bitcoin in August 2026. The cost figure fluctuates with factors such as local electricity tariffs, dispatch arrangements, power curtailment measures, operating efficiency and the actual hashrate of mining machines. The group expects that, as long as the Bitcoin market price remains above approximately USD 51,000 per Bitcoin, the operation of its Bitcoin mining machines will on the whole remain commercially reasonable, subject to prevailing Bitcoin network difficulty, electricity tariffs, machine uptime, site availability and power curtailment arrangements.
Based on the group's current internal estimates and prevailing Bitcoin network conditions, 9,695 Bitcoin mining machines with a total hashrate of approximately 4.229 EH/s are expected to yield an indicative aggregate daily output of approximately 2.11 Bitcoins. The group currently expects its Bitcoin mining activities to generate approximately 240 to 264 Bitcoins during the remaining period ending December 31, 2026, depending on network difficulty, Bitcoin prices, operating time and other conditions. The board emphasized that the above operational and financial information is based on the group's current internal records and preliminary assessments, has not been audited or reviewed by the company's auditors and may be subject to adjustment, and reminded shareholders and potential investors to exercise caution when dealing in the company's securities.
NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
- DL HOLDINGS GP(01709.HK): Bitcoin Mining Business Advances Steadily; Holds Approximately 248 Bitcoins in Total
- ETF Financing Ranking | Huatai-PB CSOP Hang Seng Technology ETF(QDII) (513130) had a net financing buy-in of CNY 69.57 million on Sep 2
- PATEO (02889.HK): Enters global supply system of leading international automaker, wins dual-brand 8295 platform vehicle designations
- SHENZHEN INT'L (00152.HK): Longshen International Property signs RMB 683 million construction contract with China Construction Eighth Engineering Division for Phase 1 retained land
