SINGAPORE, Nov. 26,
2024 /PRNewswire/ -- BTC Digital Ltd. ("BTCT"or the
"Company") (NASDAQ: BTCT), a global leader in Bitcoin
(BTC) mining, announced today that it is actively seeking business
opportunities in Arkansas,
Tennessee, Georgia, and Missouri to further expand the scale and
number of its mining facilities. This initiative aims to meet the
growing computational power demands of both the company and the
market while fulfilling its strategic commitment to
sustainability.
BTCT is exploring various approaches, including building new
facilities, acquiring existing mines, and forming strategic joint
ventures with local businesses or institutions, to achieve a
stable, long-term, and sustainable energy supply. The Company
expects that these measures will not only strengthen BTCT's market
position in the Bitcoin mining sector but also help
the Company build a forward-looking and competitive computational
power ecosystem.
"We understand that stable, reliable, and green energy supply is
the key to the future success of Bitcoin mining
operations," said BTCT's CEO. "Through this expansion plan, we aim
to optimize resource allocation, improve operational efficiency,
and demonstrate our unwavering confidence and commitment to
long-term development to our investors and the market."
The Southeastern United States,
known for its abundant energy resources, business-friendly
environment, and policy support, is a key region for BTCT's
expansion plans. After thoroughly evaluating the local energy
infrastructure, regulatory environment, and business potential, the
Company will prioritize projects aligned with renewable energy and
low-carbon emission goals to support global energy transition and
emission reduction targets.
BTCT remains committed to creating value for its shareholders
through technological innovation and economies of scale while
actively addressing the growing global demand for blockchain
computational power. With this strategic expansion, the Company
aims not only to meet its own business growth needs but also to
contribute to regional economic development by creating jobs and
fostering collaboration with local communities.
Looking ahead, BTCT will accelerate its global strategy
implementation, partnering with more collaborators to promote
sustainable development in the BTC mining industry.
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.