BTC Digital Stock Price, News & Analysis

BTC Digital (NASDAQ:BTCT) has announced the completion of its $1 million Bitcoin strategic reserve, following last week's establishment of a $1 million Ethereum reserve. The company aims to expand its total crypto reserves to over $10 million by the end of 2025.

The strategic reserves will support three key areas: on-chain business deployment for stablecoin integrations and DeFi liquidity, RWA infrastructure for custody and staking, and balance sheet stability. CEO Siguang Peng emphasized the importance of BTC and ETH as central-bank-grade assets in the stablecoin and RWA era.

Future initiatives under consideration include ETH staking, BTC-backed stable-asset programs, and an RWA issuance platform.

BTC Digital (NASDAQ: BTCT) has announced the establishment of a $1 million strategic reserve in Ethereum (ETH), marking its first step toward expanding its presence in Ethereum's on-chain financial infrastructure. This strategic initiative represents BTCT's evolution from a crypto mining company to an on-chain financial infrastructure participant.

CEO Siguang Peng emphasized that this initial investment positions the company for future opportunities in decentralized finance, stablecoin issuance, and asset tokenization. The decision is driven by Ethereum's dominant position in stablecoin infrastructure, high transaction volumes, and growing institutional adoption. The company plans to continue increasing its ETH holdings in response to market developments and network upgrades.

BTC Digital Ltd. (NASDAQ: BTCT) has announced significant progress on its 20 MW cryptocurrency mining project in Georgia. The project features two key components: a 9 MW air-cooling system scheduled for deployment in October 2025, and the introduction of advanced liquid-cooling technology - a first for the company's Georgia facility.

The company has developed proprietary liquid-cooling components and formed a strategic partnership with a leading liquid-cooling supplier. This dual-cooling approach aims to enhance operational efficiency, improve hash-rate density, and reduce Power Usage Effectiveness (PUE). The project emphasizes environmental sustainability through improved energy utilization and reduced greenhouse gas emissions.

BTC Digital Ltd. (NASDAQ: BTCT) has announced a major expansion of its mining operations through the deployment of new mining equipment. The company has installed 400 Bitmain Antminer T21 machines, adding approximately 76 PH/s of Bitcoin mining hash rate, with each unit capable of delivering up to 190 TH/s.

Additionally, BTCT has deployed 24 Bitmain Antminer L9 machines, contributing 380 GH/s of Litecoin mining capacity. Each L9 miner delivers approximately 16 GH/s and supports the Scrypt algorithm, enabling mining of LTC, DOGE, and similar cryptocurrencies. The company has expressed intentions to further expand its Litecoin mining operations in the near future.

BTC Digital (NASDAQ: BTCT) has acquired a 62-acre property in Vienna, Dooly County, Georgia for $2.1 million. The site features a 20-megawatt power infrastructure and will be developed into a cryptocurrency mining facility. BTCT plans to invest an additional $5 million to establish a facility that will house 6,000 mining machines. The remaining land will be utilized for storage and logistics operations to support cryptocurrency mining activities.

This strategic acquisition in the Southeastern United States aims to leverage the region's abundant energy resources and business-friendly environment. The company's CEO, Siguang Peng, emphasized that Vienna's competitive advantages in land and energy costs will enable efficient scaling of computing infrastructure while establishing a strategic logistics center.

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.

BTC Digital (NASDAQ: BTCT) announced the exercise of an over-allotment option by its underwriter in a public offering. The underwriter purchased an additional 228,853 Ordinary Shares at $8.00 per share, generating extra gross proceeds of approximately $1.8 million. Following this exercise, the total offering increased to 1,108,853 shares with total gross proceeds of approximately $8.8 million, before deducting fees and expenses. The closing is expected on December 12, 2024. Aegis Capital Corp. served as the sole book-running manager for the offering, which was made under an effective shelf registration statement on Form S-3.

BTC Digital (NASDAQ: BTCT) has successfully closed a $20 million underwritten public offering to advance its green sustainability initiatives and industry innovation. The company plans to strategically deploy these funds across three key areas:

1. Infrastructure and Energy Expansion: Construction of mining farms in North America, targeting 20 MW capacity by mid-2025, with a focus on green energy utilization.

2. Computing Power Expansion: Deployment of additional proprietary and hosted mining machines to enhance computing capabilities.

3. R&D Investments: Development of mining machines for alternative PoW cryptocurrencies, focusing on improved mining efficiency and energy performance.

The company's CEO, Peng Siguang, emphasized that this funding will enable breakthroughs in green energy applications, technological innovation, and customer service.

BTC Digital (NASDAQ: BTCT) has successfully closed its previously announced underwritten public offering, raising approximately $20.0 million in gross proceeds. The offering, which closed on December 9, 2024, consisted of 2,500,000 Ordinary Shares and Pre-Funded Warrants at $8.00 per Common Share and $7.999 per Pre-Funded Warrant.

The company granted Aegis Capital Corp., the sole book-running manager, a 45-day option to purchase additional Ordinary Shares up to 15.0% of the offering to cover over-allotments. The Pre-Funded Warrants are immediately exercisable with a $0.001 exercise price and can be exercised at any time until fully exercised.