SINGAPORE, Dec. 3, 2024
/PRNewswire/ -- BTC Digital Ltd. ("BTCT"or the "Company"))(NASDAQ:
BTCT), a global leader in Bitcoin (BTC) mining,
announced today that its strategic contract with BITMAIN, a
renowned mining hardware manufacturer, is progressing smoothly.
BTCT plans to deploy 2,000 units of BITMAIN's high-performance T21
miners to its North American mining facilities within the next 3–6
months.
The T21 miners, BITMAIN's latest flagship product, boast
exceptional computational performance (190T per unit) and efficient
energy utilization (3610W per unit). Upon completion of this
deployment, BTCT's total hash rate capacity will reach 600P, nearly
tripling its current capacity.
Streamlining Deployment
BTCT is accelerating
preparations, including detailed logistics, equipment installation,
and network optimization plans, to ensure the new miners are
operational within the scheduled timeframe. Once operational, these
high-performance miners will significantly enhance BTCT's mining
efficiency and competitiveness, increase Bitcoin
output, and solidify its position as a leader in the global
cryptocurrency mining market.
Company Outlook
The CEO of BTCT stated: "The
introduction and deployment of the T21 miners mark a significant
milestone in the evolution of our mining operations. These devices
will boost our mining capacity, optimize energy efficiency, and
create greater potential value for our company. We look forward to
continuing our collaboration with BITMAIN to advance the
cryptocurrency industry."
BTCT remains committed to creating more opportunities and
returns for its investors through technological innovation and
strategic scaling. The company will continue exploring partnerships
with industry leaders to maintain its long-term competitive edge in
the cryptocurrency market.
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.
