- 756 Bitcoin miners are locked up under a streaming agreement.
- Aim to earn more than 30 BTC in three years through streaming contracts.
- Invests 1 million new capital in Bitcoin with a two-treasury strategy in gold and Bitcoin.
A UK-listed gold explorer, Bluebird Mining Ventures Ltd, has gone as far as acquiring 756 ASIC Bitcoin mining rigs, something that is audacious in the world of cryptocurrency. The transaction, which was agreed upon in July 2025, consists of a combination of Bitmain and Canaan equipment, whose total hashrate is 63.7 PH/s. The new streaming deal also incorporates this acquisition, where Bluebird will take a percentage of any future bitcoin production; this is expected to hit 30 BTC in the next three years.
Source – investegate
Listed in the London Stock Exchange as BMV, the company is paving the way in a mixed approach that incorporates its conventional gold mining activities and a Bitcoin treasury approach. In contrast to traditional mining projects, Bluebird will not undertake the management of the mining rigs itself but will enjoy the income of the Bitcoin that it generates through a designed streaming agreement. This will not increase the balance sheet liabilities of the company as will as reduce the chances of operational risks.
Bluebird’s Strategic Shift: From Gold to Digital Gold
The streaming model helps Bluebird acquire exposure to Bitcoin without needing to mine Bitcoin, which is complicated. In three years, the streaming deal has the potential to bring in more than thirty Bitcoins, depending on the circumstances of the network and the specifics of the contract. Noticeably, Bluebird will not incur any extra expenses after signing the streaming deal.
Source – X btcNLNico
The move is part of the overall treasury policy of Bluebird, which involves converting future gold revenues into Bitcoin. Recently, the company received a zero-interest loan facility of 2 million British pounds, which it will use in part to buy Bitcoins to the tune of 1 million British pounds. This military capital allocation is a very strong indication that it is going in a very strong direction with digital assets as well as its gold portfolio.
This was called a small but symbolic step by non-executive chairman Sath Ganesarajah to construct an asymmetric portfolio of both gold and Bitcoin. The company seeks to appeal to investors in the conventional commodities and those in the emerging decentralized finance.
Dual-Asset Strategy and Market Implications
The strategy that Bluebird has adopted is gaining popularity as traditional resource firms adopt cryptocurrencies as a financial instrument in their portfolio. By purchasing Bitcoin with the revenues received in gold and storing the cryptocurrency in the form of a long-term reserve, Bluebird is moving to a region where two different asset classes overlap.
This two-asset portfolio is meant to be anti-inflationary and anti-economic uncertainty. Bitcoin, the so-called digital gold, has such benefits as divisibility, ease of transfer, and verifiable scarcity. The treasury strategy of Bluebird can be seen to be similar to the actions of other companies that have turned to Bitcoin to add variety to corporate reserves and the ability to benefit from its increased institutionalization.
The post of the company on July 14 made it clear how important this transaction is as it will lead to a generation of more than 30 BTC without any operational costs, which is a step toward the integration of traditional mining and digital assets.
