BTC Digital Deploys Next-Generation Mining Rigs to Boost Hashrate and Energy Efficiency
Rhea-AI Summary
BTC Digital (NASDAQ:BTCT) has announced the completion of a partial mining equipment upgrade, deploying 434 Antminer S21 Pro units and 140 L9 miners. This strategic deployment aims to enhance the company's overall computing power while optimizing energy efficiency.
CEO Siguang Peng emphasized that the upgrade strengthens BTCT's long-term sustainable development strategy. The company plans to continue its equipment refresh program to maintain its competitive edge in the cryptocurrency mining sector.
Positive
- Deployment of next-generation mining equipment to increase hashrate
- Implementation of more energy-efficient mining solutions
- Ongoing technology upgrade program to maintain competitive edge
Negative
- Capital expenditure required for equipment upgrades
- Potential operational disruption during equipment transition
News Market Reaction 9 Alerts
On the day this news was published, BTCT gained 4.21%, reflecting a moderate positive market reaction. Argus tracked a trough of -9.4% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $1M to the company's valuation, bringing the market cap to $29M at that time. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
The newly deployed equipment is expected to significantly raise the Company's overall computing power (hashrate) while further optimizing energy utilization to reduce operating energy consumption. As a company focused on cryptocurrency mining infrastructure and digital asset management, BTCT remains committed to sustaining its competitive position through ongoing technology and equipment upgrades.
"Deploying the next generation miners not only enhances our hashrate and energy efficiency, it also lays a solid foundation for the Company's long-term sustainable development," said Mr. Siguang Peng, CEO of BTCT. "We will continue to advance our equipment refresh program to ensure we remain at the forefront of industry technology evolution."
About BTC Digital Ltd.
BTC Digital Ltd. is a blockchain technology company, with a long-term strategy to create value across the metaverse, blockchain and cryptocurrency mining industry. The Company is committed to developing blockchain related businesses in
For more information, please visit: https://btct.investorroom.com/
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the
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SOURCE BTC Digital Ltd.