SHENZHEN, China, Dec. 26,
2023 /PRNewswire/ -- BTC Digital Ltd. ("BTC Digital"
or the "Company") (NASDAQ: BTCT), a cryptocurrency
mining company, today announced that it has entered into
subscription agreements (the "Subscription Agreements") with three
individual investors (the "Investors"), for the issue and sale of
303,497 ordinary shares of the Company, par value US$0.06 per share (the "Ordinary Shares"), for
total gross proceeds of $1,014,286,
or US$3.342 per share.
Each of the Investors represented that he or she was not a
resident of the United States and
was not "U.S. persons" as defined in Rule 902(k) of Regulation S
and was not acquiring the ordinary shares of the Company for the
account or benefit of any U.S. person. The Subscription Agreements
and the transactions contemplated thereby have been approved by the
Company's board of directors. The Company expects the transactions
contemplated by the Subscription Agreements to close on or about
January 3, 2024. The Company plans to
use the proceeds to purchase additional mining machines, which is
expected to further increase the aggregate computing power of the
Company's cryptocurrency mining fleet.
"We are excited to announce the entry into the Subscription
Agreements. With the capital injection, we are aim to further grow
our cryptocurrency mining business," said Mr.
Alan Peng, Chief Executive Officer
of BTC Digital.
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.