Bluebird Mining Ventures Realigns Treasury Strategy with Acquisition and Streaming Arrangements

Bluebird Mining Ventures Merges Bitcoin and Gold in Treasury Overhaul with Strategic Pivot

In a bold move to reshape its asset strategy, Bluebird Mining Ventures has announced the acquisition of 756 Bitcoin mining units and is advancing plans for a streaming arrangement that could produce up to 30 BTC over three years. This significant development signals a deliberate pivot towards a hybrid gold-and-Bitcoin treasury structure.

The company has acquired the ASIC-based Bitcoin miners, comprising Bitmain and Canaan models, with a combined hashrate of 63.7 PH/s through an equity swap worth £200,000. The equipment is now poised for a potential streaming deal that would secure future Bitcoin output without any further capital outlay.

Notably, Bluebird expects no additional expenses related to the projected Bitcoin production, aligning with its goal of applying structured commercial strategies that maintain balance sheet efficiency.

This strategic shift reflects a deliberate plan by the company to generate asymmetric returns across both gold and Bitcoin assets. Sath Ganesarajah, newly appointed Chairman, emphasized that intelligent structuring remains a central element in Bluebird’s financial strategy.

As part of this overhaul, the firm is also set to close a £2 million funding facility within the current month, with half allocated towards direct Bitcoin purchases. This commitment underscores the company’s dedication to integrating digital assets into its operations.

Source: blockonomi.com