BTC Digital Stock Price, News & Analysis

BTC Digital (NASDAQ: BTCT) has acquired a 62-acre property in Vienna, Dooly County, Georgia for $2.1 million. The site features a 20-megawatt power infrastructure and will be developed into a cryptocurrency mining facility. BTCT plans to invest an additional $5 million to establish a facility that will house 6,000 mining machines. The remaining land will be utilized for storage and logistics operations to support cryptocurrency mining activities.

This strategic acquisition in the Southeastern United States aims to leverage the region's abundant energy resources and business-friendly environment. The company's CEO, Siguang Peng, emphasized that Vienna's competitive advantages in land and energy costs will enable efficient scaling of computing infrastructure while establishing a strategic logistics center.

BTC Digital (NASDAQ: BTCT) has secured a hosting agreement for 154 Litecoin (LTC) miners with a combined computing power of 1,690 GH/s. The company will provide comprehensive hosting services including miner transportation, power management, security, and daily operations. Key features include: 95% average uptime, real-time performance monitoring, and advanced air-cooling systems for optimal energy efficiency. The service allows clients to focus on asset returns while BTC Digital handles operational complexities. The company leverages its operational network across America and professional management system to deliver stable mining infrastructure amid crypto market volatility and energy cost challenges.

BTC Digital (NASDAQ: BTCT) announced the exercise of an over-allotment option by its underwriter in a public offering. The underwriter purchased an additional 228,853 Ordinary Shares at $8.00 per share, generating extra gross proceeds of approximately $1.8 million. Following this exercise, the total offering increased to 1,108,853 shares with total gross proceeds of approximately $8.8 million, before deducting fees and expenses. The closing is expected on December 12, 2024. Aegis Capital Corp. served as the sole book-running manager for the offering, which was made under an effective shelf registration statement on Form S-3.

BTC Digital (NASDAQ: BTCT) has successfully closed a $20 million underwritten public offering to advance its green sustainability initiatives and industry innovation. The company plans to strategically deploy these funds across three key areas:

1. Infrastructure and Energy Expansion: Construction of mining farms in North America, targeting 20 MW capacity by mid-2025, with a focus on green energy utilization.

2. Computing Power Expansion: Deployment of additional proprietary and hosted mining machines to enhance computing capabilities.

3. R&D Investments: Development of mining machines for alternative PoW cryptocurrencies, focusing on improved mining efficiency and energy performance.

The company's CEO, Peng Siguang, emphasized that this funding will enable breakthroughs in green energy applications, technological innovation, and customer service.

BTC Digital (NASDAQ: BTCT) has successfully closed its previously announced underwritten public offering, raising approximately $20.0 million in gross proceeds. The offering, which closed on December 9, 2024, consisted of 2,500,000 Ordinary Shares and Pre-Funded Warrants at $8.00 per Common Share and $7.999 per Pre-Funded Warrant.

The company granted Aegis Capital Corp., the sole book-running manager, a 45-day option to purchase additional Ordinary Shares up to 15.0% of the offering to cover over-allotments. The Pre-Funded Warrants are immediately exercisable with a $0.001 exercise price and can be exercised at any time until fully exercised.

BTC Digital (NASDAQ: BTCT) has announced the pricing of a firm commitment underwritten public offering expected to raise $20.0 million in gross proceeds. The offering consists of 2,500,000 Ordinary Shares and Pre-Funded Warrants at $8.00 per Common Share. The Pre-Funded Warrants are priced at $7.999 with a $0.001 exercise price and are immediately exercisable.

The company granted Aegis Capital Corp. a 45-day option to purchase additional shares up to 15% of the offering to cover over-allotments. The transaction is expected to close around December 9, 2024. The proceeds will be used for general corporate purposes and working capital.

BTC Digital (NASDAQ: BTCT) has announced the launch of a proposed underwritten public offering of Ordinary Shares and pre-funded warrants. The company plans to use the proceeds for general corporate and working capital purposes. Aegis Capital Corp. will serve as the sole book-running manager with a 45-day option to purchase additional shares up to 15% of the offering to cover over-allotments.

The offering is being conducted through an effective shelf registration statement on Form S-3 (No. 333-283367), which was declared effective by the SEC on December 5, 2024. The completion and terms of the offering are subject to market conditions, with no guarantees provided regarding its execution.

BTC Digital (NASDAQ: BTCT) announced plans to deploy 2,000 BITMAIN T21 miners in North American facilities within 3-6 months. The T21 miners feature 190T computational performance and 3610W energy consumption per unit. This deployment will nearly triple BTCT's total hash rate capacity to 600P. The company is accelerating preparations including logistics, installation, and network optimization to meet the deployment timeline. The initiative aims to enhance mining efficiency, increase Bitcoin output, and strengthen BTCT's market position.

BTC Digital (NASDAQ: BTCT), a global Bitcoin mining company, has announced plans to expand its mining operations across the southeastern United States. The company is targeting Arkansas, Tennessee, Georgia, and Missouri for potential new facilities. BTCT's expansion strategy includes building new facilities, acquiring existing mines, and forming strategic joint ventures with local entities to secure sustainable energy supplies. This initiative aims to increase computational power capacity while maintaining a commitment to sustainability.