SHENZHEN, China, Jan. 2, 2024
/PRNewswire/ -- BTC Digital Ltd. ("BTC Digital" or the
"Company") (NASDAQ: BTCT), a blockchain technology company, today
announced that it has entered into an asset purchase agreement (the
"Agreement") with BITMAIN TECHNOLOGIES DELAWARE LIMITED ("BITMAIN") to acquire 2,000
units of T21 Miners for $5,320,000.
The machines are expected to be delivered and put into operation by
the Company in the first half of 2024.
T21 is BITMAIN's latest high-performance model, and the model's
outstanding technical specifications make it an ideal choice for
BTC Digital. With a single machine hash rate of up to 190TH/s, the
combined hash rate of 2,000 machines may be as high as 380,000T.
Meanwhile, the power consumption of this model of miners is only
3610W per unit of miner, showcasing its exceptional energy
efficiency.
BTC Digital plans to deploy these high-performance miners in the
mining facilities in the U.S. to enhance mining efficiency and
increase Bitcoin production. After deploying the 2,000
units of newly acquired miners, the Company expects to have a total
of 4,174 units of miners under operation, with a total hash rate
reaching 614PH/s, representing nearly three times of the combined
hash rate of the machines owned by the Company under operation as
of today. BTC Digital believes that the acquisition of 2,000 miners
represent its growth in the Bitcoin mining field and
the Company's enhanced position in the global
cryptocurrency mining market. BTC Digital anticipates
to continue participating in Bitcoin mining with
higher efficiency and generating profits for the Company and its
investors. The entry into the Agreement underscores BTC Digital's
commitment to its cryptocurrency mining business
strategy.
Mr. Alan Peng, CEO of BTC
Digital, stated, "We are delighted to enter into the Agreement with
BITMAIN, and we believe the outstanding performance of the T21
miners will help enhance the competitiveness of our mining
business. We believe the acquired T21 miners will help solidify BTC
Digital's position in the cryptocurrency field."
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.
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SOURCE BTC Digital Ltd.