Delin Holdings: Plans to Acquire 2,200 Bitcoin Mining Machines for $21.8526 Million
2025/09/16 09:59
PANews reported on September 16th that according to Zhitong Finance, Delin Holdings (01709.HK) announced that on September 15, 2025 (after trading hours), the company entered into a term sheet with Fortune Peak regarding the proposed acquisition of Bitcoin mining machines, including the purchase of 2,200 S21XP HYD Bitcoin mining machines with a total computing power of approximately 1.0406 million TH/s for US$21.8526 million. The consideration will be satisfied by the issuance of: (i) convertible bonds with a principal amount of US$21.8526 million (HKD equivalent); (ii) 40 million warrants; and (iii) the issuance of 13.4425 million earn-out shares by the company upon the satisfaction of earn-out conditions.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Dan Ives Says World Project Will be Key 'Proof Of Human' In The AI World — WLD Has Shot Up 50% Over Last Month
Wall Street tech analyst Dan Ives expressed confidence in World Network’s (WLD) role in the AI revolution on Monday, referring to it as a “core authentication layer.”read more
Share
Coinstats2025/09/16 11:11
Share
TikTok denies TRUMP memecoin buys in reply to congressman’s accusations
Bitcoin hater Brad Sherman has accused US President Donald Trump of accepting a $300 million bribe from TikTok, but TikTok denied it has anything to do with it.
Share
PANews2025/06/20 16:59
Share
Michael Saylor’s MicroStrategy Adds More BTC as Unrealized Profits Top $27 Billion
Michael Saylor’s Bitcoin bet shows no sign of slowing down. MicroStrategy (now rebranded as Strategy) is preparing for its 28th Bitcoin purchase of the year, putting it 58% ahead of last year’s pace. On Wall Street, the company’s stock (MSTR) has been volatile, falling more than 120% from its $450 peak earlier in 2025. Meanwhile, […]
Share
Coinstats2025/09/16 11:29
Share