BTC Digital Ltd. Announces Deployment of 400 Bitmain Antminer T21 and 24 Antminer L9 Mining Machines

Rhea-AI Summary

BTC Digital Ltd. (NASDAQ: BTCT) has announced a major expansion of its mining operations through the deployment of new mining equipment. The company has installed 400 Bitmain Antminer T21 machines, adding approximately 76 PH/s of Bitcoin mining hash rate, with each unit capable of delivering up to 190 TH/s.

Additionally, BTCT has deployed 24 Bitmain Antminer L9 machines, contributing 380 GH/s of Litecoin mining capacity. Each L9 miner delivers approximately 16 GH/s and supports the Scrypt algorithm, enabling mining of LTC, DOGE, and similar cryptocurrencies. The company has expressed intentions to further expand its Litecoin mining operations in the near future.

Positive

• Addition of 76 PH/s Bitcoin mining capacity through 400 new T21 miners
• Expansion into Litecoin mining with 380 GH/s additional capacity
• Diversification of mining operations across multiple cryptocurrencies
• Plans for future scaling of LTC mining operations

Negative

• Significant capital investment required for mining equipment
• Exposure to cryptocurrency price volatility
• High energy consumption and operational costs associated with mining operations

SINGAPORE, May 13, 2025 /PRNewswire/ -- BTC Digital Ltd. ("BTCT" or the "Company") (NASDAQ: BTCT), a blockchain technology company, today announced a significant expansion of its proprietary mining operations with the deployment of 400 new Bitmain Antminer T21 machines, adding approximately 76 PH/s of Bitcoin mining hash rate. In parallel, the Company has also introduced 24 Bitmain Antminer L9 machines to its operations, contributing an additional 380 GH/s of Litecoin (LTC) mining capacity.

This latest deployment of 400 Antminer T21 units (the "T21 miner") underscores BTCT's commitment to enhancing its Bitcoin mining capabilities. Each T21 miner delivers up to 190 TH/s and features an advanced air-cooling system designed for efficient heat dissipation and stable operation.

In addition to bolstering Bitcoin mining, BTCT is also expanding into Litecoin (the "LTC") mining with the installation of 24 Antminer L9 units (the "L9 miner"). Each L9 miner provides approximately 16 GH/s and supports the Scrypt algorithm, making it suitable for mining LTC, DOGE, and other similar cryptocurrencies. The Company intends to further scale its LTC mining operations in the near future.

Siguang Peng, Chief Executive Officer of BTCT, commented, "This upgrade in mining capacity marks another step toward enhancing the productivity and revenue stability of our self-operated mining farms. It lays a solid foundation for our future large-scale expansion."

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 North America, including cryptocurrency mining, mining farm construction, mining pool and data center operation, and miner accessories business.

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 U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook" and similar statements.  Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements.  Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

View original content:https://www.prnewswire.com/news-releases/btc-digital-ltd-announces-deployment-of-400-bitmain-antminer-t21-and-24-antminer-l9-mining-machines-302453506.html

SOURCE BTC Digital Ltd.

FAQ

How many new mining machines did BTCT deploy in May 2025?

BTCT deployed 400 Bitmain Antminer T21 machines for Bitcoin mining and 24 Bitmain Antminer L9 machines for Litecoin mining.

What is the total hash rate added by BTCT's new Bitcoin miners?

The 400 new Antminer T21 machines add approximately 76 PH/s of Bitcoin mining hash rate.

What is the hash rate capacity of each Antminer T21 machine deployed by BTCT?

Each Bitmain Antminer T21 machine delivers up to 190 TH/s of hash rate capacity.

Which cryptocurrencies can BTCT mine with their new Antminer L9 machines?

The Antminer L9 machines support the Scrypt algorithm, allowing BTCT to mine Litecoin (LTC), Dogecoin (DOGE), and other similar cryptocurrencies.

What is the Litecoin mining capacity added by BTCT's new L9 miners?

The 24 Antminer L9 machines add 380 GH/s of Litecoin mining capacity, with each unit providing approximately 16 GH/s.