BitVentures launches crypto mining strategy after Nasdaq rebrand
Hong Kong–based company BitVentures, which operated under the name Santech Holdings until December last year, has completed a rebrand and announced its entry into the cryptocurrency mining market.
Before the rebrand, BitVentures operated as Santech Holdings and traded on Nasdaq under the ticker STEC. According to filings submitted to the U.S. Securities and Exchange Commission (SEC), the company officially changed its name to BitVentures on December 24 and adopted the ticker BVC.
The company’s first announcement of the new year revealed the acquisition of a mining equipment fleet from Bitmain, including three types of Antminer machines, to mine Bitcoin, Litecoin, and Dogecoin.
BitVentures also said the deal includes 0.5 megawatts of power capacity at U.S.-based data centers, with mining deployment expected later this month.
New strategy focused on digital assets
The company described mining operations as the foundation of a broader digital asset strategy and said it plans to expand into other areas of the sector, including staking and node operations, though no further details were provided.
“The company believes the new name better aligns with its vision and focus on developing and investing in early-stage technology startups,” the filing said.
Prior to the rebrand, Santech had also declared business interests in venture financing, though with limited success. According to Cointelegraph, during the first half of fiscal year 2025 the company reported zero revenue, compared with $17.4 million during the same period a year earlier, following its exit from asset and capital management businesses.
Overall, the company’s performance since becoming a public issuer stands at approximately -89%. However, following the announcement of its mining equipment purchase and entry into a new business line, BVC shares rose 14% to $1.30.
As we wrote, State mining: Where has Bitcoin production become national strategy?
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