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.”