Delin Holdings plans to acquire Bitcoin mining machines through the issuance of convertible bonds and warrants, and has signed a letter of intent with BM

ChainCatcher news, Delin Holdings (01709.HK) announced that the company has entered into a formal agreement with the seller, Evergreen Wealth, regarding bitcoin mining machines. According to the agreement, the company has conditionally agreed to acquire, and the seller has conditionally agreed to sell, bitcoin mining machines (2,200 units of S21XP HYD bitcoin miners), with a total consideration of 21.8526 million US dollars.

The consideration for the bitcoin mining machines will be paid through the issuance of the following: convertible bonds with a principal amount of 21.8526 million US dollars; 40 million warrants; and, upon achieving profit conditions, the company will issue 13.4425 million profit shares. At the same time, legally binding letters of intent have been signed with BM1 and BM2 to purchase an additional 1,900 units of S21e Hyd. and 1,095 units of S21e XP Hyd., with total considerations of 8.349 million US dollars and 10.8766 million US dollars, respectively. The above transactions are subject to authorization by a special shareholders' meeting and approval by the Stock Exchange.