SHENZHEN, China, Nov. 3, 2023
/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 with two
unaffiliated third parties to acquire 220 units of Antminer S19j
Pro (110 TH/s) Bitcoin mining machines, and has issued
to the sellers 276,572 ordinary shares of the Company valued at
$968,800. The machines are expected
to be delivered and put into operation by the end of November 2023.
To date, the Company has put 1,954 mining machines into
operation. The newly purchased 220 mining machines are expected to
be delivered and put into operation in November, at which point the
Company will have 2,174 units of Bitcoin mining
machines with a computing power of more than 230PH/s.
The Company intends to continue developing its
cryptocurrency business through purchasing more mining
machines. The Company believes that operating a growing number of
mining machines will help the Company with its financial stability
and long-term growth.
Mr. Alan Peng, Chief Executive
Officer of BTC Digital, commented: "We are excited to see the
progress we have made so far and the potential for our
cryptocurrency business to grow in the long term. With
the recent purchases and our plan to further increase the number of
mining machines, we aim to continue improving our financial
conditions as well as maximizing value for our shareholders."
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, and
mining pool and data center operation.
For more information, please visit:
https://meten.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.
