Ruihe Data Secures 32.73 BTC

Hong Kong-listed Ruihe Data Technology (03680.HK) has secured 32.73 Bitcoin (BTC) through cloud mining. The reward value is estimated at $2.71 million. Ruihe Data received this reward on August 2 through cloud mining. However, a company announcement containing the same figures could not be verified in public searches. This reward is part of Ruihe Data's virtual asset business, which it has been pursuing since 2025, and it plans to start Bitcoin mining operations using Bitmain's services in August 2025. Cloud mining is a method of receiving mining rewards by utilizing the computational power of external operators, where Ruihe Data pays a fee to the service provider and receives rewards according to an agreed schedule. According to the 2025 annual report, Ruihe Data recorded total revenue of 321,383,000 yuan and a net loss of 66,655,000 yuan, with the virtual asset mining sector recognizing revenue of 8,049,000 yuan for the first time. It is difficult to assess the profitability of the business solely based on the scale of mining rewards, as the computational power, operational costs, and fees applied to this reward have not been disclosed. The Bitcoin received by Ruihe Data is a business reward obtained by utilizing the computational power of external operators, and its impact on the company's performance will depend on the costs of the mining contracts and whether the Bitcoin is disposed of.