UK-Listed Gold Miner Bluebird Secures Bitcoin Miners, Targets 30+ BTC in 3 Years
2025-07-14 07:29:27
Main Idea
UK-listed gold miner Bluebird Mining has acquired 756 Bitcoin mining rigs to generate over 30 BTC through a streaming arrangement, aiming to gain Bitcoin exposure without direct operational involvement.
Key Points
1. Bluebird Mining acquired 756 ASIC mining rigs with a combined hashrate of 63.7 PH/s to generate Bitcoin via a streaming model.
2. The company aims to produce over 30 BTC over three years without directly operating the mining equipment.
3. The move aligns with Bluebird's strategy of securing long-dated, asymmetric exposures across gold and Bitcoin.
4. Bluebird allocated £1m ($1.3m) from a £2m loan facility for further Bitcoin purchases and appointed a new CEO.
5. The company plans to convert future mining revenues into Bitcoin, leveraging the crypto market's growth.
Description
Bluebird Mining, a UK-listed gold explorer focused on high-grade projects across Asia, has doubled down on its Bitcoin ambitions by acquiring 756 ASIC mining rigs, to generate over 30 BTC through a new streaming arrangement. The company, traded under the ticker BMV on the London Stock Exchange, announced on July 14 that it had completed a deal for a mix of Bitmain and Canaan machines totaling a combined hashrate of 63.7 PH/s. The units are now part of an advanced plan to be re-sold under a strea...
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