BTC Digital Ltd. Announces Signing of Litecoin Miner Hosting Agreement

Rhea-AI Summary

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.

Positive

• Secured new hosting agreement for 154 Litecoin miners with 1,690 GH/s computing power
• High operational efficiency with 95% average uptime
• Comprehensive service offering reducing operational burden for clients
• Advanced cooling and power optimization systems for enhanced energy efficiency

Negative

• Exposure to cryptocurrency market volatility risks
• Facing energy cost pressures that could impact profitability

News Market Reaction

-1.44%

1 alert

-1.44% News Effect

On the day this news was published, BTCT declined 1.44%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SINGAPORE, May 1, 2025 /PRNewswire/ -- Blockchain technology company BTC Digital Ltd. ("BTC Digital" or the "Company") (NASDAQ: BTCT) today announced that it has signed a Litecoin (LTC) miner hosting agreement with a major client. Under the agreement, BTC Digital will provide hosting services for 154 LTC miners with a total computing power of approximately 1,690 GH/s.

Leveraging its operational network across America and its professional management system, BTC Digital will deploy the 154 LTC miners for the client and deliver full-service hosting solutions. These services will cover the entire process from miner transportation, power supply, on-site security, to daily operations and maintenance, enabling the client to focus on optimizing asset returns without the burden of operational complexities.

Highlights of BTC Digital's Hosting Services Include:

Comprehensive Hosting and Operations Management

• Transportation coordination and on-site installation
• Professional power access and load management
• On-site security and environmental monitoring
• 24/7 anomaly alerts and remote operational support

High Availability and Stability

• Average uptime exceeding 95%

Real-Time Monitoring and Data Analytics

• Performance monitoring platform covering hash rate, power consumption, and other key metrics
• Customized reporting and revenue settlement solutions for clients

Energy Efficiency and Cost Reduction

• Advanced air-cooling and power optimization techniques to enhance hashing efficiency per energy unit

Industry Value and Outlook

BTC Digital's LTC miner hosting services draw on its extensive expertise in mining farm management and asset operations, helping clients rapidly scale their computing power while maintaining professionalized management and transparent reporting. Amid the dual challenges of cryptocurrency market volatility and energy cost pressures, BTC Digital continues to optimize its hosting model to deliver stable and sustainable returns for its partners.

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-signing-of-litecoin-miner-hosting-agreement-302444342.html

SOURCE BTC Digital Ltd.

FAQ

What is the size of BTC Digital's new Litecoin mining hosting agreement?

BTC Digital will host 154 Litecoin miners with a total computing power of 1,690 GH/s.

What services does BTCT provide in its Litecoin miner hosting agreement?

BTC Digital provides comprehensive hosting services including miner transportation, power supply, security, daily operations, maintenance, and real-time monitoring with 95% average uptime.

How does BTC Digital (BTCT) address energy efficiency in its mining operations?

The company uses advanced air-cooling and power optimization techniques to enhance hashing efficiency per energy unit.

What is the average uptime for BTC Digital's mining hosting services?

BTC Digital maintains an average uptime exceeding 95% for its mining hosting services.

What challenges does BTC Digital (BTCT) face in its mining hosting business?

The company faces challenges from cryptocurrency market volatility and energy cost pressures.