SHENZHEN, China - BTC Digital Ltd. (NASDAQ: BTCT), a blockchain technology company, has announced the purchase of a Bitcoin mining facility in North Carolina for $3.4 million. The facility is equipped with a 10 megavolt power load, a move that the company expects will significantly reduce operational costs and ensure a stable energy supply for long-term sustainable business development.
The acquisition is designed to bolster BTC Digital's competitive edge in the Bitcoin mining sector by reducing the operational risks associated with the industry's market and energy fluctuations. In addition to cost savings, BTC Digital plans to offer advanced hosting services for mining rigs, aiming to meet the increasing demand for Bitcoin mining and reinforce its position in the digital currency mining industry.
The management of BTC Digital views this acquisition as a key element of the company's strategic development and a proactive measure in response to the evolving trends within the digital currency mining sector. The company remains focused on exploring further expansion opportunities and delivering efficient mining solutions.
BTC Digital Ltd. is engaged in various blockchain-related businesses in North America, including cryptocurrency mining, mining farm construction, and mining pool and data center operation. This acquisition underscores the company's commitment to contributing to the growth of the digital currency industry.
The information about this acquisition is based on a press release statement from BTC Digital Ltd. It is important to note that the press release also contains forward-looking statements that involve risks and uncertainties. The actual results could differ from those projected due to various factors, as detailed in the company's filings with the U.S. Securities and Exchange Commission. BTC Digital has stated that it will not update any forward-looking statements unless required by law.
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