Bluebird Mining Ventures Announces Bitcoin-Gold Asset Merger and Strategic Shift in Treasury Strategy

Bluebird Mining Ventures has recently announced a major overhaul of its treasury strategy by merging Bitcoin and gold into a single asset structure. This drastic shift marks a significant departure from the company’s previous stance on digital assets, signaling a bold strategic pivot.

As part of this move, Bluebird has acquired 756 ASIC Bitcoin miners, comprising Bitmain and Canaan models, with a combined hashrate of 63.7 PH/s. The acquisition was made possible through an equity swap worth £200,000, which management believes could yield strong returns.

The newly acquired mining equipment is now poised to be part of a potential streaming deal, aiming to secure future Bitcoin output without further capital expenditure. This arrangement may potentially deliver over 30 Bitcoins to the company within a three-year timeframe, subject to final agreements and network performance.

This acquisition and strategic pivot aligns with Bluebird’s broader plan to disrupt the evolving digital asset space by applying structured commercial strategies that maintain balance sheet efficiency. The company has also announced plans to finalize a £2 million funding facility in July, with half of this funding allocated towards direct Bitcoin purchases.

The move is seen as a deliberate attempt to generate asymmetric returns across both gold and Bitcoin assets. This new direction marks a significant departure from the company’s previous stance on digital assets, signaling a bold shift in its treasury strategy.

In an official statement, Sath Ganesarajah, newly appointed Chairman, expressed his support for this strategic pivot, emphasizing that intelligent structuring remains central to the company’s financial strategy.

Source: blockonomi.com