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Delin Holdings plans to acquire bitcoin mining machines by issuing convertible bonds and warrants, and signs a letter of intent from BM

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2025-09-28 15:42:45
On September 28th, Delin Holdings (01709.HK) announced that the company and the seller Evergreen Wealth entered into a formal agreement for bitcoin mining machines, according to which the company has conditionally agreed to acquire and the seller has conditionally agreed to sell bitcoin mining machines (2200 S21XP HYD bitcoin mining machines), the total bitcoin mining machine price is 2185.26 million US dollars.
The Bitcoin Miner Consideration will be paid through the issuance of convertible bonds with a principal amount of $2185.26 million; 40 million warrants; and the issuance of 13.4425 million profit shares by the company upon completion of profit conditions. At the same time, a legally binding letter of intent was signed with BM1 and BM2 to purchase an additional 1,900 S21e Hyd. and 1,095 S21e XP Hyd. for a total consideration of $8.349 million and $10.8766 million respectively. The above transaction is subject to authorization by the EGM and approval by the Stock Exchange.
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