BTC Digital Ltd. Acquires North Carolina Mining Facility For Total Consideration Of $3.4M
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BTC Digital Ltd. Acquires North Carolina Mining Facility For Total Consideration Of $3.4M
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SHENZHEN, China, Nov. 13, 2024 /PRNewswire/ -- Blockchain technology company BTC Digital Ltd. ( "BTC Digital" or "the Company") (NASDAQ:BTCT) today announced that the company has signed a Bitcoin miner equipment hosting agreement with Recte Technologies Company Limited, a digital asset management advisory company in Asia, and ASIA INVESTMENT FUND SP2, a cryptocurrency mining fund in Asia, with plans to provide hosting services for their 1,100 Bitcoin mining machines (the "Hosting Agreements"). BTC Digital entered into the Hosting Agreements with the two significant clients on November 13, 2024 to manage 1,100 Bitcoin mining machines, including ANTMINER T21 and ANTMINER L7 models. BTC Digi
SHENZHEN, China, March 12, 2024 /PRNewswire/ -- BTC Digital Ltd. (" BTC Digital" or the "Company") (NASDAQ:BTCT), a blockchain technology company, today announced that it has entered into a definitive agreement under which the Company will acquire a BTC mining facility located in North Carolina, equipped with a stable power load of 10 megavolts (MV). The total consideration for BTC Digital's acquisition amounts to $3.4 million. This strategic acquisition is poised to enhance BTCT's core competencies in several key ways: Effective Cost Reduction: The acquisition is expected to significantly lower the operational costs of the mining activities. As the difficulty of Bitcoin mining continues to
SHENZHEN, China, Jan. 29, 2024 /PRNewswire/ -- Blockchain technology company BTC Digital Ltd. ("BTC Digital" or the "Company") (NASDAQ:BTCT) today announced the launch of its Ethereum (ETH) staking services for its customers. This new venture marks a significant expansion for BTC Digital beyond its core Bitcoin mining operations, extending into transaction validation on the Ethereum blockchain. The move aligns with the Company's strategic objectives to diversify income sources by participating in the Ethereum's validator rewards program. Key features of BTC Digital's ETH staking services include: Asset custody provided by Matrixport Technologies Ltd ("Matrixport"): BTC Digital's collaborati
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BTC Digital Ltd. ("BTC Digital" or the "Company") today announced the signing of a significant acquisition agreement, marking the successful purchase of an Arkansas-registered company. This acquisition includes a Bitcoin mining facility in Arkansas equipped with a 6MV long-term stable power load, with the total consideration for the purchase amounting to $1.99 million. With the completion of this acquisition, BTC Digital will hold 100% ownership of the acquired company.This strategic move is set to substantially enhance BTC Digital's core competitiveness in several key areas:1. Reduction in Operational Costs: The acquisition will lower the mining operational costs for the Company. As Bitcoin
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