Welcome to our dedicated page for BTC Digital news (Ticker: BTCT), a resource for investors and traders seeking the latest updates and insights on BTC Digital stock.
BTC Digital Ltd. (NASDAQ: BTCT) is a blockchain technology company whose news flow centers on cryptocurrency mining, digital-asset reserve management and Ethereum-focused strategy. Company press releases describe a long-term plan to create value across the metaverse, blockchain and cryptocurrency mining industry, and to develop blockchain-related businesses in North America, including mining operations, mining farm construction, mining pool participation, data center operation and miner accessories.
Recent news highlights BTC Digital’s strategic evolution from a mining-driven enterprise toward an on-chain financial infrastructure participant. The company has announced the creation and expansion of Ethereum and Bitcoin strategic reserves, followed by a declared pivot to make Ethereum its core asset and operational foundation. Coverage includes updates on ETH reserve accumulation, plans to convert existing and future Bitcoin holdings into ETH, and the role of these reserves in supporting stablecoin, decentralized finance and real-world asset initiatives.
BTCT news also covers operational developments such as partial upgrades of mining equipment and deployment of next-generation miners intended to increase hashrate and improve energy utilization. In addition, the company has reported a memorandum of understanding with Tianci International Inc. to cooperate on cryptocurrency mining, stablecoin-based payment and settlement solutions, RWA initiatives and blockchain-enabled technology services, with BTC Digital providing hosting, operations, maintenance and infrastructure support.
Investors following BTCT’s news can review announcements on registered direct offerings linked to Ethereum purchases, governance updates on extraordinary general meetings, and Form 6-K filings that furnish press releases and financial information. This page aggregates these company-issued updates to help readers track BTC Digital’s mining infrastructure, digital-asset reserve strategy and blockchain service initiatives over time.
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.
BTC Digital (NASDAQ: BTCT) has signed Bitcoin miner equipment hosting agreements with Recte Technologies Company and ASIA INVESTMENT FUND SP2 to manage 1,100 Bitcoin mining machines in the United States. The agreement, signed on November 13, 2024, includes hosting and management of ANTMINER T21 and ANTMINER L7 models. Both clients have indicated plans for future large-scale purchases of mining machines and continued partnership with BTC Digital for hosting services.
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