BTC Digital Announces Strategic Partnership with Zhonglian Digital Technology (International) Limited

Rhea-AI Summary

BTC Digital forms strategic partnership with Zhonglian International in the field of digital mining and blockchain technology.

Positive

• Partnership expected to improve competitive positions in the industry
• Cooperation may lead to additional business opportunities

Negative

• None.

SHENZHEN, China, Aug. 30, 2023 /PRNewswire/ -- BTC Digital Ltd. (" BTC Digital" or the "Company") (NASDAQ: METX), a blockchain technology company, today announced that it entered into a strategic cooperation agreement (the "Agreement") with Zhonglian Digital Technology (International) Limited (" Zhonglian International ").

According to the Agreement, both parties will cooperate with each other in the field of digital mining, and each party will rely on the resources of the other party to empower each other and improve their competitive positions in the industry.

Zhonglian International is an innovation-driven FinTech company committed to building a safe and sustainable global crypto asset and blockchain ecosystem. The company's business includes providing customers with digital mining, crypto asset management, blockchain training, and Web3.0 decentralized financial products and services and developing applications in the field of AI artificial intelligence.

Alan Peng, CEO of BTC Digital, said: "We are delighted to form a strategic partnership with Zhonglian Digital Technology (International) Limited, and both parties expect to leverage their respective resources and technologies to cooperate and jointly explore projects in Web3, AI and other fields. By cooperating with Zhonglian International, we expect to seize additional business opportunities and grow our business as a whole."

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.