| You may know GSH Corporation (GSH) for its high-quality hospitality and development assets across Malaysia and China. We’re talking about impressive places like the 384-acre Sutera Harbour Resort in Kota Kinabalu, complete with two five-star hotels, a golf course, and a marina. Essentially, GSH -- which are the initials for its executive chairman Goi Seng Hui, better known as Sam Goi, a billionaire -- has been rooted in tangible, beautiful physical assets -- but it is quietly making a leap into bitcoin mining. |
| The Funding For the Digital Dream |
This strategic shift is backed by serious capital. GSH recently completed a strategic placement that brought in S$111.87 million from Capitalwise Global, which now holds a 18.5% stake in GSH.
Out of the net proceeds, S$35.4 million is earmarked specifically for the Digital Asset Mining Business.
Crucially, this placement also fixed the balance sheet, reducing pro-forma net debt by about 23% and generating estimated annual interest savings of S$4.7 million, according to a tickrs analyst report.
High financing costs have contributed to bottomline losses for GSH in the prior three years and in 1HFY25.
| Meet the New Business: Bitcoin Mining |
According to tickrs, GSH's plan is simple -- operate as a self-miner. This means a wholly-owned subsidiary will acquire and operate digital asset mining machines for blockchain validation.
It won't be a hosting provider for other miners; all the Bitcoin mined will be for GSH’s own account.
Revenue will be generated when those mined coins are sold for fiat currency.
Why Bitcoin? According to tickrs analyst Jaimes Chao, globally, policy is validating the asset class, with the U.S. even establishing a Strategic Bitcoin Reserve.
Meanwhile, Singapore is building a comprehensive regulatory framework for digital finance, positioning itself as a leader in bridging traditional finance and digital innovation.
Source: https://www.coinspeaker.com/bitcoin-hit-new-highs-in-2026-grayscale-btc-prediction/
https://www.msn.com/en-us/money/savingandinvesting/can-bitcoin-reach-250000-in-2026-the-answer-might-blow-your-mind/ar-AA1ShbY3?ocid=BingNewsSerp
| The Secret Weapon: Priority Access |
GSH's strategic investor, Capitalwise Global, is directly linked to Antalpha, which acts as the strategic partner and "financial special forces" for Bitmain, the dominant global manufacturer of Bitcoin mining rigs.
|
Stock price |
22.5 c |
|
52-wk range |
13 – 23.5 c |
|
PE (ttm) |
-- |
|
Market cap |
S$545 m |
|
Dividend |
-- |
|
1-yr return |
54% |
|
P/B |
1.5 |
|
Source: Yahoo! |
|
So, GSH gains privileged access to Bitmain's supply chain.
It shouldn't have to wait in line during bull market shortages or pay high reseller markups to acquire the latest hardware, like the Antminer S19 XP or S21.
While the immediate focus is self-mining, this move creates massive longer-term upside optionality, says tickrs.
Since GSH owns substantial hard assets (hotels and land), building this digital foundation puts it in a position to eventually capitalize on the multi-trillion dollar opportunity of Real World Asset (RWA) Tokenization, says tickrs.
GSH is transitioning from a property developer into a diversified platform integrating real estate, hospitality, and digital infrastructure. It’s a brave new world.
|
→ See the GSH circular to shareholders on its Bitcoin plan
→ ... and the tickrs report.
