SHENZHEN, China, Sept. 5,
2023 /PRNewswire/ -- BTC Digital Ltd. (" BTC Digital"
or the "Company") (NASDAQ: METX), a blockchain technology company,
today provided updates on the Company's digital currency business
for the second quarter of 2023.
As of June 30, 2023, BTC Digital
had deployed a total of 1,754 BTC miners in operation, with a total
mining hash rate of 188PH/s and a total output of 35.07 BTC.
At the beginning of August 2023,
200 S19J PRO mining machines acquired by the Company through share
issuance have been deployed, and the mining hash rate has been
increased by 22 PH/s.
The Company plans to acquire additional units of BTC miners by
the end of 2023 through issuing shares, effecting mergers and
acquisitions, or with proceeds of financings. The Company is
currently negotiating with potential sellers for the acquisition of
mining machines.
In the future, the Company considers building its own and/or
acquiring third-party manufactured BTC miners in North America, finding probable methods to
reduce energy costs, and developing custody business to meet the
deployment needs of BTC Digital's own mining machines.
Alan Peng, CEO of BTC Digital,
said: "As an emerging growth company engaged in
cryptocurrency mining, we are pleased to see the
Company's BTC mining business actively expanding, and the Company
intends to take necessary measures to utilize resources to increase
aggregate computing power. Our long-term goal is to have 15,000
units of our own mining machines in operation, and the Company
expects to actively seize additional business opportunities in
cooperating with business partners to increase the probability of
achieving the long-term goal."
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.