BitVentures H1 Revenue US$0.3M, G&A Cuts, Digital Assets Launch, ADS Consolidation
BVC•BitVentures reported US$0.3 million revenue in H1 FY2026, driven by e-commerce rollout and client referral services, and recognized US$5.4 million net other income from impairment recoveries. G&A expenses declined 62.3% to US$0.9 million, digital assets operations were launched with acquired Bitmain miners, and ADSs were consolidated into ordinary shares.
1. Share Capital Restructuring and ADS Termination
On December 19, 2025, BitVentures held an extraordinary meeting approving termination of its ADS facility and a 20-for-1 share consolidation, canceling all outstanding ADSs and issuing one consolidated ordinary share for every ten ADSs, with consolidated shares listed on Nasdaq Capital Market as of January 5, 2026.
2. Financial Results for First Half FY2026
For the six months ended December 31, 2025, BitVentures generated US$0.3 million in revenue from e-commerce and referral services, incurred US$0.03 million cost of revenue, cut G&A expenses by 62.3% to US$0.9 million, and recorded US$5.4 million net other income primarily from impairment recoveries.
3. Business Segment Developments
The company officially rolled out its e-commerce segment under a resale model on Amazon offering consumer electronics and approved its digital assets segment, acquiring Bitmain cryptocurrency miners and hosting capacity to commence mining operations in secure U.S. data centers in the second half of fiscal year 2026.
