Dalin Holdings plans to raise HK$956 million through a share placement to support bitcoin mining and other businesses.

According to ChainCatcher, as announced by the Hong Kong Stock Exchange, Deli Holdings has announced a placement of 255 million shares by way of top-up placement, accounting for approximately 15.15% of the company's existing issued share capital and about 13.16% of the enlarged issued share capital. The placement price represents a discount of about 11.34% compared to the previous closing price of HKD 3.44 per share.

It is reported that Deli Holdings has entered into a subscription agreement with the subscriber Evergreen Wealth Investment Limited, under which it will allot and issue up to 63.803 million new shares to the subscriber. The total net proceeds will reach HKD 956 million, which will be used to strengthen its bitcoin mining and digital reserve business, as well as for development and investment.