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On 12 June 2025, Bluebird Mining Ventures Ltd. announced a non-binding Heads of Terms for the potential acquisition of 756 ASIC units. If successfully concluded, these units would have a total hashrate of 63,686 TH, with a potential consideration of £200,000 to be paid in equity.
| Date | 12 Jun 2025 |
| Time | 07:00:09 |
| Category | Miscellaneous |
| ID | 5572M |
Bluebird Mining Ventures Ltd / EPIC: BMV.L / Market: FTSE / Sector: Mining
12 June 2025
Bluebird Mining Ventures Ltd
('Bluebird' or 'the Company')
Bitcoin Mining Machines
Bluebird Mining Ventures Ltd., a pan Asian gold project development company, is pleased to announce that further to the announcement on 9 June 2025 that a non-binding Heads of Terms regarding the acquisition of 756 ASIC units, comprising a mix of Bitmain and Canaan models.
If successfully concluded, the Company would pay a consideration of £200,000 in equity to be issued at a future date. The total hashrate (TH) of the machines is 63,686. Hashrate is a measure of the total computational power of all the nodes expressed in units of hash calculations per second.
Furthermore, if successfully concluded, the Company would also enter into an advisory agreement with a view to identify and arrange suitable hosting facilities and provide support with Engineering, Procurement and Construction (EPC) set up and energy and cost optimisation modelling.
Whilst the Company is optimistic that a binding agreement will follow in due course there can be no guarantee of such.
Bluebird Executive Director and Interim CEO Aidan Bishop said, "The execution of a non-binding Heads of Terms is a positive step forward that provides the Company with a potential fast-track pathway to launch a profitable bitcoin mining venture. I look forward to providing further updates in due course."
**ENDS**
For further information please visit https://bluebirdmv.com or contact:
Jonathan Morley-Kirk Bluebird Mining Ventures Ltd Email: [email protected]