Delin Holdings (01709) deployed efficient mining hardware in selected overseas mines to continue to actively develop and expand institutional-level Bitcoin mining business

Zhitong Finance App News, Delin Holdings (01709) announced that the company will continue to actively develop and expand the institutional-level Bitcoin mining business by deploying efficient mining hardware at selected overseas mines in the US, Oman and Paraguay.

In addition to roughly completing the acquisition of 2,995 Bitcoin miners with a total hash rate of approximately 1.060 EH/s from Bitmain and the ongoing acquisition of 2,200 Bitcoin miners with a total hash rate of approximately 1.040 EH/s from Evergreen Wealth Investment Limited, the Group has also acquired a total of 4,000 Antminer S21 XP Hyd Bitcoin miners from three third party vendors independent of the Company and its related parties (as defined in the Listing Rules) and unrelated to them ( Additional Bitcoin miners). Each mining machine has a rated computing power of about 473 TH/s and is currently deployed at a Bitcoin mining facility in Oklahoma, USA (subsequent acquisition). The total hash rate of the additional Bitcoin miners is approximately 1.892 EH/s. Based on the energy efficiency of approximately 12 J/TH, the estimated total electricity load for the full deployment of 4,000 additional Bitcoin miners is about 23 MW. The total cost of the additional Bitcoin mining machine is approximately US$39.2 million, to be disbursed from the net proceeds of the placement and previous and new subscriptions completed by the Group in November 2025.

The total daily production of bitcoins produced by the Bitcoin mining machines that the Group has acquired and is currently acquiring is estimated to reach about 1.71 bitcoins under the current network conditions. According to the Group's current internal estimates and the current state of the Bitcoin network, the 4,000 additional Bitcoin mining machines acquired from subsequent acquisitions are expected to correspond to a total indicative daily output of about 0.81 bitcoins, depending on network difficulty, Bitcoin price, uptime and other operating conditions. The additional Bitcoin mining machine acquired as a result of a subsequent acquisition was put into operation and began producing Bitcoin on December 12, 2025. Since November 2025, the Group has also largely completed the deployment of existing Bitcoin mining machines at its mines in Oman and Paraguay. Bitcoin mining machines in Oman and Paraguay acquired from Bitmain have been in operation and production of Bitcoin since November 13, 2025 and November 14, 2025, respectively. After completion and full deployment of 2,995 Bitcoin miners, the total indicative daily output of the 2,995 Bitcoin miners under current network conditions is estimated to be approximately 0.45 bitcoins. Furthermore, pending the completion of the acquisition of 2,200 Bitcoin mining machines from Evergreen Wealth Investment Limited (details are set out in the Company's announcements dated September 15 and 28, 2025 and the Company's circular dated December 3, 2025), the total indicative daily output of the 2,200 Bitcoin miners under the current network conditions is estimated to be approximately 0.45 bitcoins.