DL Holdings GP (01709) plans to acquire Bitcoin mining machines and BM mining machines.

DL Holdings GP (01709) announced on September 28, 2025, that the company has entered into a formal agreement with the seller, Evergreen Wealth, for the acquisition of Bitcoin mining machines (2200 units of S21XP HYD Bitcoin mining machines) for a total price of 21.8526 million US dollars. The payment for the Bitcoin mining machines will be made through the issuance of the following: convertible bonds in the amount of 21.8526 million US dollars; 40 million warrants; and 13.4425 million profit shares to be issued by the company upon meeting profit conditions. On the same day, the company also entered into letters of intent with BM1 and BM2 regarding proposed BM acquisitions, including 1900 units of BM mining machine 1 and 1095 units of BM mining machine 2, for a total price of 8.349 million US dollars and 10.8766 million US dollars, respectively. The directors believe that the formal agreement for the acquisition of Bitcoin mining machines with the seller and the letters of intent with BM1 and BM2 are strategic initiatives taken by the group to enhance its competitive advantage in the digital assets, blockchain, and Bitcoin mining fields. The acquisition of Bitcoin mining machines and the proposed BM acquisitions will enable the group to obtain industry-leading Bitcoin mining hardware, directly supporting the group's ambition to become the first listed "Bitcoin hash power stock" in Hong Kong, with a total hash rate of approximately 2.1 million T in 3 years, a target annual production capacity of around 350 bitcoins, and planning reserves of over 1000 bitcoins. By acquiring a total of 5195 state-of-the-art Antminer S21XP Hyd./S21e Hyd./S21e XP Hyd. mining machines, the group will secure a significant position in the Bitcoin mining production capacity field. The legally binding letters of intent with BM1 and BM2 will also help the company acquire high-quality mining machines located in premium hosting sites, which are crucial for optimizing operational efficiency and ensuring uninterrupted mining activities. These premium sites offer reliable power supply, cooling infrastructure, and network connectivity, which are essential for maintaining competitive mining output and safeguarding asset value. Furthermore, the board of directors believes that entering into the formal agreement for the acquisition of Bitcoin mining machines and letters of intent will bring long-term financial returns and value to shareholders. The Bitcoin mining machine acquisitions and proposed BM acquisitions will consolidate the group's leading position in the Bitcoin mining business among listed companies in Hong Kong, create diversified sources of income, and enable the group to seize the rapidly expanding opportunities in the digital assets and blockchain field.